SpaceX to Reward Musk for Mars Colony With 1 Million People

SpaceX Chief Executive Officer Elon Musk can boost his overall compensation if the company succeeds in building colonies on Mars and data centers in space, according to a US Securities and Exchange Commission filing on Wednesday.

In January, the board granted Musk 1 billion performance-based restricted Class B shares split into 15 equal tranches. To get the full award, the company will need to have achieved a market capitalization of $7.5 trillion and established a permanent human colony on Mars with at least 1 million inhabitants.

Musk owns 85.1% of the voting power ahead of a record initial public offering ...