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The private rocket maker’s board approved super voting share awards as it prepares for a potential $1.75 trillion IPO.
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SpaceX’s board has approved a sweeping compensation plan for Elon Musk that ties his future awards to some of the company’s most ambitious goals, including a permanent human colony on Mars and data centers operating in space, Reuters reported Tuesday.
The plan, disclosed in a confidential SEC registration statement reviewed by Reuters, would award Musk 200 million super voting restricted shares if SpaceX reaches a $7.5 trillion valuation and establishes a permanent Mars colony with at least 1 million people.
