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Elon Musk’s shortcut to a $1 trillion payday.

An escape clause in Elon Musk’s $1 trillion Tesla pay package approved last year would eliminate daunting operational targets if SpaceX were to purchase Tesla, as many expect. Under the terms, an acquisition treats those performance goals as met. Depending on the acquisition price SpaceX sets for Tesla, which Musk can heavily influence, a merger could instantly award him hundreds of millions of Tesla shares and consolidate his voting control. [Link: See How a Tesla-SpaceX Merger Gives Musk a Shortcut to His $1 Trillion Payday | https://www.wsj.com/business/see-how-a-tesla-spacex-merger-gives-musk-a-shortcut-to-his-1-trillion-payday-327bc491?st=Gq7Hre&reflink=desktopwebshare_permalink | WSJ]

Matt Levine’s Money Stuff today is relevant to Verge interests.

A lot of staffers subscribe just because we enjoy his work (and when he gets his vacation ruined). But today’s newsletter is about the SpaceX lockup expiring — how it should work vs what we will find out tomorrow about how it will work — and how the noted AI hedge fund Situational Awareness may have tanked the bets of noted AI hedge fund Situational Awareness. [Link: SpaceX Unlocks Tomorrow | https://www.bloomberg.com/opinion/newsletters/2026-08-05/spacex-unlocks-tomorrow | Bloomberg]

Amazon is now worth over three Elon Musks.

AMZN surpassed $3 trillion in market value for the first time on the strength of accelerating cloud-computing revenue. It joins only Nvidia, Alphabet, Microsoft, and Apple in ever reaching the milestone. It first crossed the $1 trillion mark in 2018. [Link: Amazon Joins Elite List of Stocks to Top $3 Trillion in Value | https://www.bloomberg.com/news/articles/2026-08-03/amazon-joins-elite-list-of-stocks-to-top-3-trillion-in-value | Bloomberg]

Saturday, October 10, 2026

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