Musk Could Earn $760 Billion From His SpaceX Pay Packages (1)

Elon Musk is making a habit of collecting 12-figure compensation packages.

The latest come from SpaceX, which revealed in its S-1 filing Wednesday that Musk, the firm’s founder and chief executive officer, could receive more than 1.3 billion shares if the rocket, AI and social media company hits certain market capitalization and operational milestones.

Elon Musk

Photographer: Brendan Smialowski/AFP/Getty Images

Structured as two awards, they’re worth about $760 billion combined at the top of their respective market value targets, according to calculations by the Bloomberg Billionaires Index.

To be sure, to get the maximum payout Musk will need to achieve milestones that ...