KanekoaTheGreat@KanekoaTheGreat
🚨BREAKING: SpaceX's board has approved an unprecedented compensation package for Elon Musk ahead of the largest IPO in history.
→ 200 million super-voting shares — IF SpaceX hits a $7.5 TRILLION valuation AND establishes a permanent Mars colony of at least 1 million people.
→ Up to 60.4 million additional shares — IF SpaceX hits further valuation targets AND operates space-based data centers delivering 100 terawatts of compute (roughly 100,000 nuclear reactors' worth).
→ Zero shares if the targets aren't met. For scale on that compute target: 100 terawatts is roughly 30x the total electricity generated on Earth today — across every grid, every country, every use.
That means the vast majority of his compensation is contingent on building roughly 2,000x the planet's entire data center capacity in orbit — and putting 1-million human beings on Mars.
Before you call this insane, remember 2018:
Tesla's board approved a $56 billion pay package tied to 12 milestones Wall Street called impossible. Tesla was worth ~$50 billion. The plan required a $650 billion market cap.
The press mocked it. Experts called it absurd.
Musk hit every milestone.
The pattern might be repeating.
This time the goalpost have just moved from Earth to Mars.