Elon Musk Gets 'Moonshot' SpaceX Pay Package: Here's What That Means - Tesla (NASDAQ:TSLA)

Elon Musk is about to take SpaceX public on terms that would get most CEOs laughed out of a roadshow. Investors are lining up to buy in.

It is the governance setup Musk has publicly admitted he wishes he had locked in at Tesla Inc. (NASDAQ:TSLA) in 2010, where his roughly 18% stake leaves him technically removable.

What Polymarket Is Pricing

Polymarket traders give SpaceX a 72% chance of going public by June 30th and price a $1 trillion-plus closing market cap on day one at 93%. A $2 trillion debut is closer to a coin flip at 56%.

That would edge out Saudi Aramco's 2019 listing as the largest IPO in history.

Kalshi traders think there is a 3% chance that Trump will nationalize SpaceX before July 2026.

The Power Grab Nobody Is Pushing Back On

Shareholders will also have no say on pay. Tesla investors approved a potential $1 trillion award for Musk in November, and SpaceX's board has now granted him a second "moonshot" package tied to a market value as high as $6.6 trillion, according to The Information.

Musk could be running two trillion-dollar incentive schemes in parallel, with compensation consultants warning he has obvious reasons to prioritize whichever looks more winnable at any given moment.

He already owns roughly 40% of SpaceX after the February xAI merger. The IPO, the pay package, and the supervoting shares are designed to make sure that number only goes up.

Image: Shutterstock

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