The strategy grants Musk millions of shares if he establishes a permanent human colony on the Red Planet.
Board members also set a staggering $7.5 trillion valuation target for the private aerospace giant to trigger these awards.
Another performance tier requires SpaceX to operate space-based data centers with massive, unprecedented computing capacity.
This futuristic pay structure aims to keep the serial entrepreneur focused on SpaceX as it nears a public offering.
The plan creates a unique rivalry with Tesla, as both companies effectively compete for Musk’s attention.
Corporate governance experts note that no other company in history has used such non-traditional performance metrics.
Musk receives no shares unless the company reaches these lofty goals, maintaining his minimal annual salary for now.
This unprecedented agreement underscores the company’s commitment to making multi-planetary life a commercial reality.
