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

WASHINGTON — Tech billionaire Elon Musk said on Monday that he would give every child in the United States a share in his SpaceX rocket company. "Next year, I will give one of my SpaceX shares to every kid in America," Musk, the richest man in the world, said on X. "This will be the first of many," he said, without providing details about how the scheme would work. There are around 73 million…

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

Elon Musk, the wealthiest individual in the world, announced on Monday that he plans to distribute one of his SpaceX shares to every child in the United States. Speaking on X, Musk stated that this will be the first of many similar initiatives. The U.S. Census Bureau reported that there are approximately 73 million children under the age of 18 in America, based on data from 2024. Musk holds a 38 percent stake in SpaceX, according to Forbes.

The billionaire's announcement follows a similar pledge made by then-President Donald Trump last month, who had proposed giving every American adult $5,000 if his party maintained control of Congress during the upcoming midterm elections. In June, SpaceX achieved a historic milestone by setting the record for the largest initial public offering in history, raising an astounding $85.7 billion.

Their Starship megarocket made its maiden voyage into orbit in September, marking a significant step forward in Musk's ambitious plans for Mars exploration.

Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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