Elon Musk’s proposed pay package in SpaceX’s IPO filing reveals what the company actually is: a $1 trillion monster built to colonize Mars
Elon Musk’s new pay package at SpaceX, the largest in corporate history, comes with one little catch: He doesn’t get the money until one million people live on Mars.
The SpaceX board granted Musk one billion restricted shares of Class B common stock on top of his existing stake of roughly 5 billion shares, worth roughly $700 billion at the expected IPO valuation of $1.75 trillion.