Musk says will give SpaceX share to 'every kid in America'
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 children under…
Elon Musk, the world's richest man, announced on Monday that he intends to give every child in the United States a share in his SpaceX rocket company. The billionaire stated the move will be "the first of many," though he did not elaborate on the specifics of the scheme. The United States is home to approximately 73 million children under the age of 18, according to 2024 data from the US Census Bureau. Musk holds a 38% stake in SpaceX, as reported by Forbes.
The announcement follows US President Donald Trump's promise last month to provide every American adult with $5,000 if his Republican party retains control of Congress in the November midterm elections. SpaceX recently set a record by raising $85.7 billion in its initial public offering in June. The company's Starship megarocket successfully reached orbit for the first time in September, marking a significant milestone for Musk's Mars ambitions.
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