Elon Musk Lands Another ‘Moonshot’ Pay Deal

About this episode

The episode discusses Elon Musk's new pay deal with SpaceX, tech layoffs at Meta and Microsoft, and the reclassification of marijuana by the Trump administration.

P.M. Edition for April 23. SpaceX is expected to go public in June, and the move could mean big things for CEO Elon Musk. The company’s board has already granted him a “moonshot” pay package, and he’s expected to control the company through supervoting shares. Journal reporter Corrie Driebusch discusses why investors are all for it. Plus, it’s a gloomy day for tech workers as Meta plans to lay off 10% of workers while Microsoft offers buyouts. And the Trump administration reclassifies marijuana as a less dangerous drug, which could be a boon for the multibillion-dollar cannabis industry. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Explore our series on the financial realities of divorce. Learn more about your ad choices. Visit megaphone.fm/adchoices

People in this episode

Host: Alex Ossola

Guest: Corrie Driebusch

Topics covered

• Elon Musk
• SpaceX IPO
• tech layoffs
• Meta
• Microsoft
• marijuana reclassification
• cannabis industry

Keywords

• Elon Musk
• SpaceX
• Meta layoffs
• Microsoft buyouts
• marijuana reclassification
• cannabis industry
• moonshot pay package

Mentioned in this episode

Organizations: SpaceX, Meta, Microsoft, Trump administration, cannabis industry

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