Elon Musk says he'll give every child in America a share in SpaceX

Elon Musk announced on X that he intends to give every child in America a share of SpaceX next year. The initiative would cover approximately 72 million children. SpaceX, founded by Musk in 2002, is among the world's most valuable companies. Musk's share giveaway, however, lacks details regarding eligibility and operational specifics.

The post on X read, "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many." SpaceX's current share price would make the giveaway worth around $10.5 billion. Musk has not disclosed how the giveaway would be executed or who would qualify. The plan echoes the "Trump Accounts" initiative of the Trump administration, which provided eligible children with investment accounts and a $1,000 federal seed deposit for births between 2025 and 2028.

SpaceX President Gwynne Shotwell and her husband previously pledged SpaceX shares for over 2 million children, while Musk had not yet committed his personal shares. It remains unclear if Musk's proposed giveaway would utilize existing accounts or follow a distinct framework.