Where to begin with Elon Musk and Mars? Hot excerpts from the registration statement that the billionaire's SpaceX rocket company filed ahead of its initial public offering had all kinds of good tea.
Details include how the SpaceX board will not need a majority of independent directors, how it took out a bridge loan and how the company views AI as a bigger opportunity than space.
Then there is the fortune that Musk stands to make if he hits milestones like establishing a colony of a million people on Mars. That's the equivalent of blasting the city of Jacksonville, Florida, to the Red Planet.
I've got questions. For starters --
Will colonists owe national income taxes from their native countries?
Would you need a paper ballot mailed to Earth to vote remotely?
Will any colonists be convicts, the Australia model?
Which Mars movie or TV series will this venture most resemble? (Total Recall, anyone?)
More in this week's main story, linked below.
Other material this week includes an update on proxy voting at Vanguard, a status report on corporate sustainability efforts, and another study on CEO pay finding, surprise, it keeps going up.
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