The SpaceX board of directors has approved a new incentive plan for Elon Musk. According to this agreement, the billionaire's income will be directly linked to the colonization of Mars and the construction of data processing centers in space. Ixbt.com reports on this.
This was disclosed in confidential documents submitted to the U.S. Securities and Exchange Commission.
For Musk to receive the full reward package, SpaceX's market value must reach $7.5 trillion and a permanent settlement with at least one million inhabitants must be established on Mars. Additionally, the creation of a computing infrastructure in space with a capacity of 100 terawatts is included as an additional condition.
For a successful result, Musk will be presented with 200 million shares with voting rights.
The "Starship" vessel currently under development is specifically designed for the development of Mars. Musk noted that for interplanetary migration to be economically justified, the cost of delivering one ton of cargo to Mars must be below $100,000.
SpaceX plans to hold its initial public offering (IPO) on June 28, 2026.
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