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‘All You Have to Do Is Be Bought’: A SpaceX-Tesla Merger Could Be Musk’s $1 Trillion Payout Cheat Code
['Mike Pearl', 'Matthew Wille', 'Bruce Gil', 'Ellyn Lapointe']
Gizmodo
In recent days, Musk has not ruled out the possibility of an eventual SpaceX-Tesla merger.
Here’s the Journal:“Every $500 billion added to the deal price would deliver as many shares again, up to $7.5 trillion.
An $8.5 trillion acquisition—more than six times Tesla’s recent market value—would deliver the pay package’s full 424 million shares.
That is the number of shares that would have clinched the maximum $1 trillion stock award for Musk.”
Apparently due to the recent issuance of new Tesla stock, the trillion-dollar pay package can never be a trillion-dollar pay package anymore.