Billionaire Elon Musk says he’ll give every kid in America shares of SpaceX next year—it’ll add up to over $10 billion in stock

Elon Musk, the world's richest person, has pledged to give one share of SpaceX to every U.S. child. Musk, who is worth $904 billion, owns around 4.8 billion SpaceX shares, which would result in each of the estimated 72 million children receiving one share worth $146.03. This giveaway would total $10.5 billion worth of stock, but only reduce Musk's holdings by 1.5%. Musk's proposal comes as he predicts that AI could render money obsolete in the future, potentially reshaping the relationship between work, wealth, and money.