Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Eva Roytburg

Elon Musk's pay package reveals what SpaceX actually is: a $1 trillion monster built to colonize Mars

Samuel Corum/Getty Images (Credit: Samuel Corum/Getty Images)

Elon Musk’s new pay package at SpaceX, the largest in corporate history, comes with one little catch: He doesn’t get the money until one million people live on Mars.

The SpaceX board granted Musk one billion restricted shares of Class B common stock on top of his existing stake of roughly 5 billion shares, worth roughly $700 billion at the expected IPO valuation of $1.75 trillion.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.