Delaware Judge Foiled: Stopped $56B Payout, But Couldn’t Stop Potential $140B Jump at SpaceX

“You just can’t keep a good man down,” the old saying goes, and with billionaire Elon Musk that certainly appears to be true regarding his finances.

On Tuesday, Delaware Judge Kathaleen St. Jude McCormick ruled for a second time that the Tesla CEO’s 10-year compensation package approved in 2018 and once valued at $56 billion was excessive and the result of him essentially controlling the board of directors, the Associated Press reported.

Some Tesla shareholders had sued in Delaware, where Tesla was incorporated, to block the agreement. In January, McCormick ruled for those shareholders.