Musk says will give SpaceX share to 'every kid in America'

Elon Musk, the world's richest billionaire, announced on Monday that he intends to give a SpaceX share to every child in the United States. The tech mogul declared this plan on social media platform X, stating, "Next year, I will give one of my SpaceX shares to every kid in America." Musk added that this initiative is just the beginning, without elaborating on the specifics of how the scheme would function.

As per 2024 data from the U.S. Census Bureau, there are approximately 73 million children under 18 residing in America. Elon Musk holds a 38% stake in SpaceX, according to Forbes. His announcement follows a similar pledge made by U.S. President Donald Trump last month, who vowed to give each American adult $5,000 if his Republican party maintains control of Congress during the November midterm elections.

SpaceX set a record in June by raising $85.7 billion in its initial public offering (IPO). In September, the company's Starship megarocket successfully reached orbit for the first time, marking a significant milestone in Musk's Mars exploration plans.