{
  "id": 15617342,
  "title": "Billionaire Elon Musk says he’ll give every kid in America shares of SpaceX next year—it’ll add up to over $10 billion in stock",
  "url": "https://urgent.news/2026/10/19/billionaire-elon-musk-says-hell-give-every-kid-in-america-shares-of",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T14:32:44.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/19/billionaire-elon-musk-give-every-kid-in-america-shares-of-spacex-add-up-to-10-billion-in-stock/"
  },
  "original_language": "en",
  "account": "Elon Musk, the world's richest person, has pledged to give one share of SpaceX to every U.S. child. Musk, who is worth $904 billion, owns around 4.8 billion SpaceX shares, which would result in each of the estimated 72 million children receiving one share worth $146.03. This giveaway would total $10.5 billion worth of stock, but only reduce Musk's holdings by 1.5%. Musk's proposal comes as he predicts that AI could render money obsolete in the future, potentially reshaping the relationship between work, wealth, and money.",
  "summary": "Despite questioning if money will even matter in the future, Elon Musk is giving every U.S. kid a slice of his SpaceX fortune.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}