Elon Musk structures SpaceX pay package to avoid repeat of Tesla compensation lawsuit
By
Amanda Gerut
Summary
The article discusses Elon Musk's new compensation package at SpaceX, designed to be lawsuit-proof following the legal battle over his $56 billion Tesla pay package. As SpaceX prepares for a $75 billion IPO, Musk has structured his SpaceX pay to give him near-complete control of the company, insulating it from shareholder lawsuits. The package is tied to ambitious goals including colonizing Mars, but Musk retains significant power regardless of achieving those milestones.
Source
bskyElon Musk structures SpaceX pay package to avoid repeat of Tesla compensation lawsuitfortune.comKey quotes
· 3 pulledWhat sets Musk's SpaceX pay package apart is how thoroughly insulated it is from the kind of lawsuit that nearly cost Musk his, at-the-time, unprecedented award from Tesla
The CEO will have almost complete control of his Texas-based space company, without colonizing Mars or building a single non-Earth data center.
As SpaceX prepares to go public in a $75 billion initial public offering next week, Musk is pushing the limits of his pay package into a whole other universe
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