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
"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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My First Million