Overview
- The Delaware Supreme Court unanimously restored Musk’s 2018 compensation package, valuing the stock options at roughly $139 billion and calling rescission an improper remedy.
- Forbes removed a 50% discount it had applied to the disputed options since early 2024, adding about $69.5 billion to its estimate and placing Musk near $749 billion.
- If exercised, the roughly 304 million restored options would lift Musk’s Tesla ownership from about 12.4% to approximately 18.1% at the 2018 strike price.
- A recent private tender priced SpaceX near $800 billion, boosting the value of Musk’s roughly 42% stake, while media reports of a possible 2026 IPO remain unconfirmed.
- Tesla shareholders re-ratified the award in November 2024, and a separate $29 billion backup package prepared during the appeal can now be withdrawn.