Structurally, this is the 2018 Tesla pay package remixed. Same playbook: 12 vesting tranches tied to market cap milestones, no downside for the CEO, massive upside if targets hit.
That package was $56B. Delaware Chancery Court voided it twice (Jan + Dec 2024) for not being arm's-length. SpaceX is a Delaware entity too.
"ALL-IN" is the wrong frame. Conditional shares are free optionality, he keeps the shares if it works, loses nothing if it doesn't. The $1.4B personal buy is the actual skin-in-the-game.
The real signal isn't the $6.6T target. It's that the board is pegging CEO comp to space-based AI data centers. That's the thesis to scrutinize, not the number.
Same founder. Different Chancery Court fight waiting.
SpaceX just gave its CEO the most ambitious incentive in history
A draft of SpaceX's IPO prospectus reveals a new 60M-share award for Elon Musk, vesting in $500B market cap increments as the company scales
What he must deliver:
• Grow SpaceX to $6.6T market cap (~420% increase from current valuation)
• Build space-based AI data centers
• Scale toward 100 terawatts of AI compute per year
Elon also personally bought $1.4B of SpaceX stock last year
he's ALL-IN 🚀
@DaveNewellPhoto@TexasRepublic71 LNG is non-explosive and, in liquid form, non-flammable. LNG only burns when gasified and mixed with air at a rate of five to 15 percent gas to air. Since LNG as a liquid contains no oxygen, it cannot burn and, if it does catch fire, there is no chance of explosion.
PORT ARTHUR TX— A milestone moment has arrived at Golden Pass LNG with the arrival of the LNG cargo ship AL QA'IYYAH.
"Golden Pass looks forward to sending off our first export cargo, bringing Texas energy to power the world," said a spokesman for Golden Pass LNG.
@newstart_2024 Those industries didn’t have the lobbyists that fossil fuels giants have.
If they did, we’d still be using whale oil and anyone who disagreed would be getting shouted down as a crank by useful idiots.
“In 1903, the biggest industry in the world was whaling. It disappeared almost overnight.”
Jimmy Carr dropped this on the Joe Rogan podcast and it made me rethink how fast entire economies can vanish.
Whaling collapsed in about 18 months once petrochemicals replaced whale oil. The same thing happened with horse manure in New York City — the streets were literally covered in it, brownstones had steps to stay above the filth, and laws couldn’t fix it. Then Henry Ford’s cars arrived, and within a few years the horses (and the problem) were basically gone.
Carr’s point: the resources and industries we treat as permanent today can disappear shockingly fast when something better comes along.
What “essential” industry or resource of today do you think could vanish in the next 20 years?
🔴 BREAKING:
Both regime and non-regime media confirm that drone strikes have begun against street level IRGC and basiji units.
Checkpoints and vehicles are being struck. Suppression forces are being killed in large numbers.
A NEW PHASE HAS BEGUN
@TruckerNomad360@ClownWorld Yep, I started cutting my own during covid crap. And I use the same clippers we bought to trim the show cows, just added a set of guards. No regrets.
That shit pisses me off! I get my hair basically buzz cut. It is cut with a #1 guard. It takes like five minutes and they charged me $28 at Hair Cuttery the last time I went. I said to hell with that shit! I will cut my own hair.
They just started charging all men the same price and try to keep it in line with what women pay for a basic haircut, which is insane because a lot of men’s hair are easier to cut than women.
With women’s hair you have to layer it all that stuff and it’s more work, so I can see why they charge more for them. But a barbershop by definition, is usually is just men and boys. So they shouldn’t be charging women’s prices at all.
We need to overhaul higher education in America as follows:
1) For those about to pay: No more federal underwriting of student loans. Let the free market differentiate schools, degrees and costs. Without this, more kids will get trapped for life in debt they can never pay back with a degree that is useless.
2) For those that have paid: reward them with a tax credit of 1x this amount to be used against their future earnings.
3) For those that can’t pay: establish an amortization schedule to discharge their debt and make it non recourse to the student as long as they fulfill a set of obligations that help America somehow (terms TBD but think Peace Corps, TFA like).
Otherwise, I fear we are poisoning many young people around the pillars of traditional capitalism and democracy. They feel slighted, blighted and increasingly want redistribution and/or to burn it all down. We must avoid this at all costs.
What is the hottest temperature you have been exposed to outdoors?
When I was a kid it was 117 in Yuma,AZ . I don’t care if it was a dry heat, that was blazing hot
#mikesquestions
Calls grow for Billie Eilish to return the land her mansion is on after she said America is “stolen land” at the Grammys.
The singer has been urged to give the ‘stolen land’ back at her $14 million mansion to the Tongva tribe.
@thefactitorium@Rainmaker1973 Never go hiking in bear country with someone who carries a 22LR for protection from the bear. Also applies to fishing in an Alaska Salmon stream....
@Rainmaker1973 The acceleration is the real nightmare. It hits 40 mph like a drag racer.
It validates the dark "Unit Economics" of survival: You don't need to be faster than the bear. You just need to be faster than the slowest variable in your hiking group.