Elon Musk Says He’ll Give Every US Child a SpaceX Share Next Year

Elon Musk said on Monday that he would give one of his SpaceX shares to every child in the United States next year.

Musk made the announcement on X, saying, “Next year, I will give one of my SpaceX shares to every kid in America.” The statement concerns SpaceX, his rocket company, and was made by Musk, who the source describes as the richest man in the world.

Details of the scheme remain unclear

Musk did not provide details about how the scheme would work. He added, “This will be the first of many,” indicating that he was presenting the proposed distribution as the beginning of a broader plan.

The potential scale of the announcement is reflected in the number of children it could cover. There are around 73 million children under the age of 18 in the United States, according to 2024 data from the US Census Bureau. However, the available statement does not explain how the shares would be allocated or what form the proposed scheme would take.

Source: South China Morning Post