Elon Musk's SpaceX bonus tied to Mars colony, data centers
NewsBytes | May 21, 2026 11:39 AM CST
Musk tightens SpaceX control before IPO
Musk already controls 85.1% of SpaceX's voting power, so he's firmly in the driver's seat as the company gears up for its record-breaking IPO.
Last year, he also bought $1.4 billion worth of shares from employees, tightening his grip even more.
Plus, he scored another huge batch of shares that only pay out if SpaceX builds non-Earth data centers delivering massive computing power (think 100 terawatts of compute per year) and crosses a $6.565 trillion valuation.
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