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SpaceX Board OKs Musk Bonus, Targets $1.75 T IPO

4/29/2026

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Story summary
  • SpaceX’s board approved in January a plan that could give Elon Musk up to 200 million shares if the firm hits a $7.5 trillion valuation and builds a Mars colony of 1 million residents.
  • The plan also offers up to 60.4 million shares on March 23 if SpaceX runs data centers delivering 100 terawatts of compute and meets valuation milestones.
  • SpaceX targets a June 28, 2026 IPO that could value the company at $1.75 trillion and raise over $50 billion.