Musk pledges 1 SpaceX share for every child in America
Elon Musk said Monday he'd give one of his shares in SpaceX to every "kid" in America next year. Why it matters: It'd be a roughly $11 billion giveaway at current stock prices, nearly double Michael Dell's record-breaking Trump accounts gift. What they're saying: " Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many," Musk said in a post to X…
Elon Musk announced on Monday that he plans to give one of his SpaceX shares to every child in America next year. The gesture would amount to approximately $11 billion at today's stock prices, surpassing Michael Dell's previously unmatched record-breaking donation. Musk made the pledge in a post on X just before 4 a.m. ET on Monday, but did not clarify whether the "kid" refers to all minors under 18 or another definition.
He also did not provide further details about what "first of many" entails. The exact number of minors in the U.S. is around 72 million, according to the Census Bureau. If each child were to receive one SpaceX share, the giveaway would be valued at about $10.5 billion, based on the stock's Friday closing price of $146.03. Musk, who owns billions of SpaceX shares, would only be reducing the value of a small portion of his holdings with this act. This story is still unfolding.
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- Elon Musk says he'll give every child in America a share in SpaceX businessinsider.com
- Elon Musk says will give SpaceX share to 'every kid in America' brecorder.com
- Musk announces 1 SpaceX share for every US child economictimes.indiatimes.com
