The pay package, which received approval in January, would grant Musk a whopping 200 million super-voting restricted shares of stock – as long as the colony is permanent, has at least one million

SpaceX’s board has approved a compensation plan for CEO Elon Musk. But here is the twist, the founder’s pay package hinges on his widely recognized futuristic celestial goals. The

Tesla filed an S-8 to register 304 million shares for Elon Musk's 2018 pay package, now worth over $114B at current prices. The years-long legal fight is over.

SpaceX's board has approved a compensation plan for founder Elon Musk with goals as futuristic and celestial as the company's ambitions: colonizing Mars and ​running data centers in outer space.

Elon Musk’s net worth has jumped $26 billion this year to $645 billion. And this is before it is clear what SpaceX’s value will be when it goes public. It has been put at as high as $1.75 trillion, after raising $75 billion in the IPO.

Over a three-year period, Musk borrowed roughly $500 million from SpaceX, using the privately held rocket company as a source of low-interest capital rather than turning to traditional banks, according to internal documents obtained by The New York Times.

Musk isn’t the only one concerned about America’s debt and the soaring interest costs tied to it. Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. is heading toward a “debt death spiral,” where the government must borrow simply to pay interest — a vicious cycle that feeds on itself.

Yay capitalism!

Since Microsoft invested $1 billion in OpenAI in 2019, the exclusive partnership between the two firms has been one of the strongest and most consequential in the AI industry. Today, though, OpenAI and Microsoft jointly announced an amended agreement that will allow the company to go beyond Microsoft’s Azure and “serve all its products to customers across any cloud provider.