SpaceX offers Musk a "dream compensation package": build a million-person Mars colony, space AI computing center... all for nothing if targets aren't met

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Even science fiction movies wouldn't dare write this! SpaceX, set to go public by the end of June this year, has revealed an "insane performance compensation package" for Elon Musk in confidential documents submitted to the SEC. To secure these astronomical stock awards, Musk must not only push the company's market valuation to $7.5 trillion but also achieve two staggering milestones: establishing a "million-person colony" on Mars, or building an "AI data center" in space with a computing power of 100 terawatts. This zero-base-salary, high-risk gamble signals SpaceX's ultimate strategy to compete for Elon Musk's attention. (Previous coverage: New York Times: Musk treats SpaceX as a personal piggy bank, taking out $500 million in ultra-low-interest loans) (Background: Musk once demanded 51.2% stake and used SpaceX as salary payment — OpenAI founding emails revealed in court) Earth-bound enterprises can no longer measure Elon Musk's ambition; now, his salary must be calculated in "Mars colonies" and "space computing power." As global aerospace giant SpaceX intensifies preparations for its initial public offering (IPO), the target is expected to be around June 28 of this year (Elon Musk's birthday). According to confidential registration documents reviewed by Reuters and other media outlets that SpaceX submitted to the SEC, the SpaceX board of directors secretly approved a jaw-dropping "super performance compensation plan" this January. This compensation plan perfectly aligns with SpaceX's corporate culture—the "Mars dream" of turning humanity into an interplanetary species. According to the contract, if Musk wants to unlock the maximum reward package, he must simultaneously satisfy two extremely rigorous conditions: SpaceX's market valuation must reach a staggering $7.5 trillion, and he must successfully establish a permanent human colony on Mars with at least "1 million permanent residents." Once achieved, Musk will receive up to 200 million shares of Class B restricted stock. Notably, these are shares with "super voting rights" (10 votes per share), which will ensure he maintains absolute control over the company. Beyond Mars colonization, SpaceX is also setting its sights on the currently red-hot AI computing power battlefield. Another clause in the compensation package states that if Musk can lead the company to reach specific valuation targets and successfully operate large-scale data centers in Earth's orbit, providing at least 100 terawatts of computing power to support AI and other demands, he will receive an additional 60.4 million shares of restricted stock. What is the concept of 100 terawatts? This is equivalent to the energy scale generated by 100,000 1-gigawatt (GW) nuclear reactors operating simultaneously, completely extending the battlefield of AI infrastructure into outer space, free from gravity and cooling bottlenecks. The documents indicate that these shares will vest gradually as the company's valuation increases, with "no fixed timeline." The only prerequisite is that Musk must remain employed at SpaceX. Since Musk's current nominal annual salary at SpaceX is only about $54,000, if these sci-fi-like goals are not met, he will "not receive a single cent in stock compensation" under this new contract. The deeper strategic significance behind this high-risk, high-reward design is "retention." As Elon Musk is also the leader of Tesla and the social media platform X, and Tesla has its own astronomical performance package tied to robotics and ultra-high market valuation, the SpaceX board of directors is clearly using this insane contract to ensure that this Silicon Valley maverick's "attention" remains firmly locked on the business of exploring the universe after the IPO. With the confirmation of the dual-class share structure (outside investors will only be able to subscribe to Class A shares with lower voting rights), this space gamble for all of humanity is about to officially debut in the capital markets.

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