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- Elon Musk says he'll give a SpaceX share to every child in the US next year.
- That would be a $10.5 billion gift based on SpaceX's stock price and roughly 72 million recipients.
- Musk said this would be the "first of many" SpaceX share giveaways but didn't offer further details.
Elon Musk says he'll give every child in the US a piece of his space company, a gift worth around $10.5 billion today.
"Next year, I will give one of my SpaceX shares to every kid in America," Musk wrote in an early Monday post on X. "This will be the first of many."
There are roughly 72 million children in the US based on 2025 census data, and SpaceX stock closed at $146 on Friday. If Musk donated 72 million shares today they would be worth around $10.5 billion.
Musk didn't provide any further details on how the giveaway would work, such as eligibility criteria or specific timing, or whether the shares will be transferred to Trump Accounts.
The Tesla and SpaceX CEO is the world's richest person with an estimated $904 billion net worth as of Friday's close, per the Bloomberg Billionaires Index.
SpaceX — the company behind Falcon rockets, Starship launch vehicles, Starlink satellites, AI chatbot Grok, and X — went public this summer and has about a $2 trillion market capitalization.
Excluding restricted shares and options, Musk owns 4.77 billion SpaceX shares for about a 36% stake, worth just under $700 billion at Friday's close. The rest of his fortune largely comprises his stakes in his other companies, including Tesla, Neuralink, and The Boring Company.
Donating 72 million shares would reduce Musk's number of SpaceX shares by 1.5%. If, as indicated in his X post, he follows that up with further giveaways, his stake could shrink significantly.
Musk's pledge is part of a broader trend of gifting shares to America's children, aimed at ensuring they all own a piece of the stock market and reap its gains over time, and benefit from a lifetime of compounding wealth.
The Trump administration launched Trump Accounts — tax-advantaged investment accounts — for eligible children this summer, with those born between 2025 and 2028 receiving a $1,000 federal seed deposit. Numerous companies have agreed to contribute to them as well.
Michael and Susan Dell contributed $250 to 25 million American children's Trump Accounts earlier this month, a gift totaling $6.25 billion that was allocated first to those in the lowest-income ZIP codes.
SpaceX President Gwynne Shotwell and her husband pledged in July to give SpaceX shares to more than 2 million children.
Correction: October 19, 2026 — An earlier version of this story incorrectly described SpaceX as a private company. It went public in June 2026.
from Business Insider https://ift.tt/V3DXHFc
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