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 pay package approved by the board is structured around various conditions. First, Musk will be awarded with 200 million in super-voting restricted shares, if the company reaches the valuation of $7.5 trillion and achieves extra-terrestrial goals, including establishing a permanent colony with at least 1 million people on Mars.

The awards consist of Class B shares, which carry 10 votes per share, further strengthening........

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