AI & Tech
Elon Musk Pay Package Requires Self-Sustaining Mars Colony of 1 Million People
My First Million
The most simplified breakdown of the SpaceX IPO on the internet
What was said
"Two things are required. One, the market cap has to grow to $7.5 trillion, which would be the most valuable company ever. And two, a permanent self-sustaining colony on Mars of at least 1 million people. Both have to happen for him to get paid. That's the Mars Award."
SpaceX's S-1 filing details a compensation package worth up to $750 billion in grants if milestones are met, including the Mars Award requiring both a $7.5 trillion market cap and a permanent colony of 1 million people on Mars. The AI CEO Award requires $6.5 trillion valuation and 100 terawatts of compute from non-Earth data centers, representing 100 times the current US electric grid output.
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Attributed speaker claim
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- Programme
- My First Million
- Episode
- The most simplified breakdown of the SpaceX IPO on the internet
- Clip time
- 1:01:04
- Original source
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My First Million