Gate News message, April 28 — SpaceX has tied Elon Musk’s compensation to major milestones including establishing a million-person settlement on Mars, achieving massive orbital computing capacity, and reaching a $7.5 trillion company valuation.
Under this arrangement, Musk will receive substantial equity awards only upon achieving these goals; until then, he draws only a minimum salary. The compensation structure is highly unconventional and may create potential competition for Musk’s attention with his role at Tesla.
