Business & Economy · 79 views
Elon Musk will get a billion shares of SpaceX if he can settle a million humans on Mars
Prediction market traders think a human colony on Mars is unlikely, and SpaceX itself did not specify a timeline in its prospectus.
AI Summary
SpaceX’s S‑1 filing, released on May 20, outlined a compensation plan that tied the company’s largest IPO to a science‑fiction‑style milestone. The board will grant CEO Elon Musk 1 billion restricted shares of Class B common stock if he meets a series of market‑capitalization targets, reaching up to $7.5 trillion. The grant also requires Musk to establish a permanent human colony on Mars with at least 1 million inhabitants. The shares would be awarded only after both financial and colonization milestones are achieved.
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