Elon Musk could earn $1 trillion if SpaceX hits ‘science fiction’ targets
Elon Musk could potentially earn over $1 trillion if SpaceX meets ambitious operational and market capitalisation targets. The compensation package includes more than 1.3 billion shares contingent on achieving milestones such as establishing a permanent human colony on Mars. This unprecedented payout structure reflects Musk's significant stakes in both SpaceX and Tesla, totaling around $1.8 trillion in equity awards if all targets are met.
- ▪Musk could receive over 1.3 billion shares from SpaceX based on performance milestones.
- ▪To achieve the maximum payout, SpaceX must establish a permanent human colony on Mars with at least 1 million inhabitants.
- ▪The total potential value of Musk's compensation packages from SpaceX and Tesla could reach approximately $1.8 trillion.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.