Billionaire Elon Musk could receive one of the largest compensation packages ever disclosed. Indeed, aerospace firm SpaceX revealed in its S-1 filing that Musk may be awarded more than 1.3 billion shares if the company hits major valuation and operational goals. As a result, the awards could be worth about $760 billion. However, the milestones are extremely ambitious and include establishing a permanent human colony on Mars with at least one million people. Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Still, when combined with Musk’s separate Tesla (TSLA) pay package, he now has roughly $1.8 trillion of potential equity awards tied to future performance.
Breaking Down Musk’s Pay Package
Notably, Musk has two pay packages from SpaceX. The larger package was approved in January and includes up to 1 billion performance-based restricted Class B shares split into 15 equal parts. To receive the full award, SpaceX would need to reach a $7.5 trillion market value, and none of those shares vest unless the company establishes a Mars colony. The smaller package came from Musk’s xAI deal, which was restructured after xAI merged with SpaceX in February.
