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SpaceX Approves Elon Musk Pay Package Linked to Mars Settlement Goal

SpaceX
International Business Times Fews App News Provider
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This combination of pictures created on October 10, 2023, shows (L) SpaceX, Twitter and electric car maker Tesla CEO Elon Musk during his visit at the Vivatech technology startups and innovation fair at the Porte de Versailles exhibition center in Paris, on June 16, 2023 and (R) the new Twitter logo rebranded as X, pictured on a screen in Paris on July 24, 2023 SpaceX has approved an ambitious compensation plan for its CEO Elon Musk, linking his potential earnings to the company's most daring goal: creating a permanent human settlement on Mars. According to documents reviewed by Reuters, the plan—approved in January—would grant Musk 200 million super-voting restricted shares if several major targets are met. These include SpaceX reaching a market value of $7.

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