Elon Musk's SpaceX bonus tied to Mars colony, data centers
Elon Musk isn't just dreaming big: his SpaceX paycheck depends on it.
According to a recent Securities and Exchange Commission filing, Musk's massive bonus is tied to some wild goals: building a permanent Mars colony with at least 1 million people and launching space-based data centers.
He'll only get his January 1 billion performance-based restricted Class B shares if SpaceX hits a $7.5 trillion market value and a permanent Mars colony with at least 1 million inhabitants, while his November 302.1 million shares vest under different conditions: a $6.565 trillion market cap plus non-Earth-based data centers delivering 100 terawatts of compute per year.
Musk tightens SpaceX control before IPO
Musk already controls 85.1% of SpaceX's voting power, so he's firmly in the driver's seat as the company gears up for its record-breaking IPO.
Last year, he also bought $1.4 billion worth of shares from employees, tightening his grip even more.
Plus, he scored another huge batch of shares that only pay out if SpaceX builds non-Earth data centers delivering massive computing power (think 100 terawatts of compute per year) and crosses a $6.565 trillion valuation.