The audacious Elon Musk, that paragon of modern enterprise, has been gifted yet another golden parachute by his own company, SpaceX.
The scheme, unveiled in a clandestine SEC filing, is a masterclass in corporate absurdity, rivaling even the most farcical tales of yesteryear.
What Will Elon Musk Get in SpaceX’s New Pay Package?
According to Reuters, the board, presumably in a fit of collective delirium, approved the package in January 2026, bestowing Musk with 200 million super-voting restricted shares. The catch? SpaceX must achieve a $7.5 trillion market cap and establish a permanent colony of a million souls on the Red Planet-a feat that would require the combined efforts of every human being currently alive, plus a few more.
A separate tranche awards 60.4 million restricted shares, contingent on the company’s ability to operate space-based data centers with 100 terawatts of compute capacity. One might wonder if SpaceX plans to power these centers with the collective dreams of its employees, or perhaps the sheer will of Elon Musk himself.
“Both awards come with super-voting Class B restricted stock, which carries 10 votes to every 1 Class A share, and vest in tranches as the company’s value rises,” the report read.
Should Musk fail to meet these lofty goals, he’ll receive nothing. These shares, however, have no fixed timeline, provided he remains employed-though one suspects his employment is as secure as a teetering stack of Jenga blocks.
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This is incredible:
Elon Musk will receive 200 million super-voting shares in SpaceX ONLY IF the company establishes a permanent Mars colony with at least 1 million people.
In other words, Elon Musk will only receive this pay package if 1 million people live on Mars.
In other…
– The Kobeissi Letter (@KobeissiLetter) April 29, 2026
Interestingly, SpaceX’s IPO filing also indicates that Elon Musk will retain control over his leadership position, a fact that would no doubt please the shareholders who, one imagines, are already drafting their resignation letters.
“The filing states that Musk ‘can only be removed from our board or these positions by the vote of Class B holders’ – super-voting shares with ten votes apiece that he will control after the IPO, making his removal effectively a self-vote. If he ‘retains a significant portion of his holdings of Class B common stock for an extended period of time, he could continue to control the election and removal of a majority of our board.’” Reuters reported.
SpaceX’s IPO filing shows that Elon Musk can only be fired if he fires himself
– internet hall of fame (@InternetH0F) April 29, 2026
BeInCrypto reported that SpaceX is advancing toward a June IPO after confidentially filing with the SEC. The company is aiming for a valuation of up to $1.75 trillion. Its pre-IPO valuation on Jupiter’s Prestocks platform is currently around $1.68 trillion. One might question how a company valued at $1.68 trillion can still be considered “pre-IPO,” but then again, the laws of logic are as mutable as the stock market itself.
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2026-04-30 10:32