Is there a bigger loser in the history of the chancery court than Elon Musk, who was recently ordered to relinquish $55 billion in compensation after a judge struck down his Tesla pay package? The jury is still out, especially if Musk files an appeal. In the meantime, however, Tornetta v. Musk has already produced a surprising legal aftershock: Shareholder lawyers are seeking to leverage that landmark decision to go after Jeff Bezos. And in a cosmic twist, it’s Musk who most stands to benefit.
Bezos, of course, isn’t just the chairman of Amazon. He’s also Musk’s leading competitor in the commercial spaceflight industry via Blue Origin, which boasts more than 11,000 employees and has sent more than a dozen payloads into orbit. However, Blue Origin has always played second fiddle to Musk’s SpaceX in terms of launches, government contracts, and hype. Over the years, Musk has seemingly relished his upper hand, taunting Bezos with his successes in the billionaire space race.