| SpaceX just unveiled a new compensation structure for Elon Musk. The total payout could reach $600 billion, making it the biggest pay package in corporate history. But it's tied to him achieving two extraordinary milestones. Go here to claim your SpaceX shares before the IPO on June 12. The two conditions are:
- SpaceX must reach a $7.5 trillion market capitalization
- And Musk must establish a permanent human colony of one million people on Mars
To say these conditions are ambitious would be a massive understatement. The first one means SpaceX would have to grow more than 4x from its current $1.75 trillion IPO target. The second one… speaks for itself. Critics have been quick to dismiss the goals as impossible. NASA advisor Paul Sutter compared it to "announcing a camping trip on your next available weekend without having purchased any camping supplies. And your car is in the shop. And has exploded." But it’s worth remembering what happened when Musk’s Tesla pay package was announced in 2018. It required Tesla to hit specific market cap and revenue targets that looked like fantasy at the time. Analysts said they were practically impossible… Yet Musk achieved every single one of them. SpaceX's own board — the people with the most information about the company's strategy, technology, and pipeline — believes a $7.5 trillion valuation is completely achievable. That's more than 4x today's IPO target of $1.75 trillion. I’ve been incredibly bullish on Elon since 2013. That’s when I first recommended Tesla to my readers and it has soared more than 14,000% since then. Today I’m recommending the same “never bet against Elon” bet… by claiming a stake in SpaceX before the IPO. Here’s how that’s possible for retail investors. Ian Wyatt |
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