Elon Musk Promises to Give Every American Child a SpaceX Share
Elon Musk announced on X that he plans to give a SpaceX share to every child in America starting next year, writing, "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many."
SpaceX, founded by Musk in 2002, is a highly valued private company with ventures in satellite internet service, launch, and spacecraft programs. If every American child received a share, it would be worth approximately $10.5 billion, based on the current share price.
Musk's pledge echoes the "Trump Accounts" initiative launched by the Trump administration, which provides investment accounts with a $1,000 federal seed deposit for children born between 2025 and 2028. SpaceX President Gwynne Shotwell and her husband had previously committed SpaceX shares for over 2 million children, while Musk had not publicly stated his intentions.
The method of distribution and eligibility criteria for Musk's proposed giveaway remain unclear.
This article was originally published by Business Insider.