{
  "id": 16026572,
  "title": "Elon Musk wants to give every American kid a piece of SpaceX. History shows what happens when millions become shareholders overnight.",
  "url": "https://urgent.news/2026/10/22/elon-musk-wants-to-give-every-american-kid-a-piece-of-spacex-history",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-22T09:49:01.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/musk-wants-kids-spacex-shareholders-offering-kids-stocks-isnt-new-2026-10"
  },
  "original_language": "en",
  "account": "Elon Musk announced on X that he intends to give every child in the United States a share of his space company, SpaceX. This would require a donation of approximately $10.7 billion, based on the current stock price of $147.92 and the estimated 72 million children in the US. SpaceX went public this summer, and Musk's 4.77 billion shares are worth around $706 billion at the current price, meaning the gift would reduce his holdings by around 1.5%. President Donald Trump mentioned that the shares would be transferred through tax-advantaged Trump Accounts for eligible American children, which have seen over 70 million registrations. However, the White House did not immediately respond to a request for comment from Business Insider regarding Musk's plan to give away SpaceX stock. This proposal raises questions about a new form of billionaire philanthropy that gifts people shares in a company instead of cash. While giving millions of children a stake in SpaceX could potentially provide them with financial resources later in life, the value of these shares is tied to the performance of a single company's stock. History has shown that efforts to spread corporate ownership can yield both significant investment returns and, conversely, outcomes where shares are sold for quick cash.",
  "summary": "President Donald Trump said the over $10 billion giveaway to roughly 72 million American children would be transferred via Trump Accounts.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Inc.",
        "title": "The 1 Number That Explains Why Elon Musk Wants to Merge Tesla and SpaceX",
        "url": "https://urgent.news/2026/10/22/the-1-number-that-explains-why-elon-musk-wants-to-merge-tesla-and",
        "published": "2026-10-22T11:19:50.000Z"
      }
    ]
  },
  "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."
}