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SpaceX S-1 Proposes $760B Musk Share Awards, Critics React

5/23/2026

Summary

Story summary

SpaceX filed an S-1 to issue up to 1 billion shares to Elon Musk, SpaceX founder.
The award vests if SpaceX hits a $7.5 trillion market cap and builds a 1 million-person colony.
A second award of 302.1 million shares vests if SpaceX delivers 100 terawatts and reaches valuations between $1.065 trillion and $6.565 trillion.
Bloomberg values the awards at $760 billion while Norway’s sovereign fund, Glass Lewis and ISS oppose the package, citing Musk’s $810.8 billion net worth.

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Story summary

SpaceX filed an S-1 to issue up to 1 billion shares to Elon Musk, SpaceX founder.
The award vests if SpaceX hits a $7.5 trillion market cap and builds a 1 million-person colony.
A second award of 302.1 million shares vests if SpaceX delivers 100 terawatts and reaches valuations between $1.065 trillion and $6.565 trillion.
Bloomberg values the awards at $760 billion while Norway’s sovereign fund, Glass Lewis and ISS oppose the package, citing Musk’s $810.8 billion net worth.