SpaceX ties Elon Musk compensation to Mars colonisation goal

SpaceX has approved a compensation plan for Elon Musk tied to extreme milestones, including reaching a $7.5 trillion valuation, building a Mars colony of 1 million people, and operating space-based data centres. The package offers large stock rewards only if targets are met, with no guaranteed payout. The structure highlights efforts to retain Musk’s focus ahead of a planned IPO and raises questions about competing demands between SpaceX and Tesla.