NEW YORK, May 22 — SpaceX’s blockbuster IPO filing included some out of this world details, including a provision that founder Elon Musk’s massive bonus only kicks in if one...
A file picture of Mars. SpaceX’s IPO filing includes an unusual condition tying Elon Musk’s potential bonus to the settlement of one million people on the Red Planet.
— Unsplash pic! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. NEW YORK, May 22 — SpaceX’s blockbuster IPO filing included some out of this world details, including a provision that founder Elon Musk’s massive bonus only kicks in if one million humans settle on Mars.
The bonus structure, laid out in SpaceX’s prospectus filed with US regulators Wednesday, reads less like a compensation agreement and more like a science fiction plot. Musk’s bonus is contingent on SpaceX’s stock market value hitting targets ranging from US$400 billion to US$6 trillion — along with the company moving a million people to a planet 140 million miles away.
Musk describes that ambition as essential to the long-term survival of the human race, though most experts see it as being at least decades away. At the company’s reported target valuation of US$1.75 trillion, Musk’s existing stake would be worth an estimated US$735 billion — before a single person sets foot on the Red Planet.
A second, smaller bonus ties an additional 60 million shares to a different moonshot: building data centres in orbit capable of delivering 100 terawatts of computing power per year — a figure that dwarfs anything that exists on Earth today. SpaceX filed for its long-awaited IPO Wednesday, targeting a listing on the Nasdaq stock exchange under the ticker “SPCX” in what could be the largest public offering in Wall Street history.
The company’s Starship rocket — whose latest iteration could launch Thursday — is explicitly designed with Mars colonisation in mind. — AFP
Elon Musk Bonus Mars Colonisation Starship Rocket Nasdaq Listing Computing Power
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rockets, robots and rage-posts: Mapping Elon Musk’s sprawling empire as SpaceX eyes blockbuster IPONEW YORK, May 20 — Elon Musk defines himself as an engineer trying to save humanity, while his critics call him a far-right showman who overpromises and underdelivers.Either way,...
Read more »
SpaceX IPO filing previews potential for IPO of leading AI firmsSpaceX's listng will set the stage for monumental IPOs of high-profile AI firms in 2022. Billionaires like Musk have set a high bar for other leaders in this space.
Read more »
Bound for Mars, Elon Musk's SpaceX unveils filing for blockbuster IPOHere are some information about Pasar Borneo Seri Kembangan
Read more »
SpaceX IPO filing brings Musk's interplanetary ambitions to Wall StreetJELI: Two men were killed after being buried in the collapse of a 2m-high soil embankment, believed to have occurred while they were gold mining in a tributary area at the Jerimbong Oil Palm Estate here on Wednesday (May 20) night, Sinar Harian reports.
Read more »