Musk says he’ll give ‘every kid in America’ one SpaceX share next year

Washington, October 19 - Tech tycoon Elon Musk announced on X that he intends to give one share of his SpaceX rocket company to each child in the United States next year. The world's richest man stated that this would be the first of many such gestures, though he did not elaborate on the specifics of the initiative. According to 2024 data from the US Census Bureau, there are approximately 73 million children aged 18 and under in the US.

Musk holds a 38 percent stake in SpaceX, as reported by Forbes. The billionaire's announcement follows President Donald Trump's recent pledge to provide every American adult with $5,000 (approximately RM20,400) if his Republican party maintains control of Congress in the upcoming midterm elections. SpaceX made history in June by setting a record with the largest initial public offering ever, raising $85.7 billion.

The company's Starship megarocket successfully reached orbit for the first time in September, marking a significant milestone in Musk's plans for space exploration and colonization.