Elon Musk Mulls Spacex-Like Pay Structure for Twitter Staff

Elon Musk Mulls Spacex-Like Pay Structure for Twitter Staff
CEO, and chief engineer at SpaceX, Elon Musk, arrives for the 2022 Met Gala at the Metropolitan Museum of Art in New York on May 2, 2022. Angela Weiss/AFP via Getty Images
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Tesla Inc CEO Elon Musk clarified how Twitter Inc employees would receive compensation and benefits after his takeover of the social media platform.

What Happened

Musk interacted with Twitter employees on Thursday. He was asked how he compensates employees at privately held SpaceX and what approach he plans to take at Twitter after he closes his deal, according to a transcript of the interaction published by Vox.

Musk said that SpaceX “operates in the best of both worlds,” where stock and options are issued to everyone.