00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A potential Tesla-SpaceX merger could unlock Elon Musk's $1 trillion Tesla compensation package
00:08without the company hitting any operational targets.
00:11An Electrek report revealed that a change in control clause in the contract
00:16states that operational milestones would be disregarded in such an event,
00:20leaving only market capitalization as the qualifying metric.
00:23The package's milestones include 10 million active FSD subscriptions,
00:271 million robo-taxes on the road, and 1 million robots delivered by 2035.
00:32The report arrives as SpaceX prepares for an IPO in the coming weeks.
00:37The offering could trigger automatic buying from index funds
00:39after both the S and P500 and NASDAQ 100 adopted rule changes
00:43allowing SpaceX an expedited listing with waivers from profitability requirements.
00:48Musk denied reports that SpaceX was trimming its target valuation to $1.8 trillion.
00:54Tesla shares were down 1.37% to $429.81 in pre-market trading on Monday.
01:01For all things money, visit Benzinga.com.
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