Elon Musk Lands Another ‘Moonshot’ Pay Deal

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