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Or sign-in if you have an account.SpaceX CEO Elon Musk is seen on a large screen during a long distance Q&A session at the Smart Mobility Summit 2026, in Tel Aviv on May 18, 2026. Photo by ilia YEFIMOVICH/AFP via Getty ImagesSpaceX Chief Executive Officer Elon Musk can boost his overall compensation if the company succeeds in building colonies on Mars and data centres in space, according to a U.S. Securities and Exchange Commission filing on Wednesday.Enjoy the latest local, national and international news.Exclusive articles by Conrad Black, Barbara Kay and others. 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Plus, special edition NP Platformed and First Reading newsletters and virtual events.Unlimited online access to National Post.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles including the New York Times Crossword.Support local journalism.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorIn January, the board granted Musk one billion performance-based restricted Class B shares split into 15 equal tranches. To get the full award, the company will need to have achieved a market capitalization of US$7.5 trillion and established a permanent human colony on Mars with at least one million inhabitants.Musk owns 85.1 per cent of the voting power ahead of a record initial public offering planned for next month. That reflects a highly concentrated governance structure and his ironclad control over SpaceX and its broader AI, satellite and launch strategy.Get a dash of perspective along with the trending news of the day in a very readable format.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of NP Posted will soon be in your inbox.We encountered an issue signing you up. Please try againMusk boosted his stake in SpaceX last year, buying US$1.4 billion worth of stock from current and former employees.In November, he was also granted 302.1 million performance-based restricted Class B shares that vest over 12 equal tranches.Those will be awarded if the company’s market capitalization exceeds US$6.565 trillion and SpaceX completes non-Earth-based data centres capable of delivering 100 terawatts of compute per year.Our website is the place for the latest breaking news, exclusive scoops, longreads and provocative commentary. Please bookmark nationalpost.com and sign up for our daily newsletter, Posted, here. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.