Summary
Elon Musk said he plans to give one SpaceX share to every child in America next year. This gift would be worth about $11 billion based on current prices, and Musk called it the first of many such giveaways.Key Facts
- Elon Musk announced he will give one SpaceX share to every "kid" in America in 2025.
- The exact definition of "kid" (such as age limits) was not clarified.
- There are about 72 million people under 18 in the U.S., according to the Census Bureau.
- Each share is worth about $146 as of the last market close.
- The total value of the giveaway would be roughly $10.5 billion to $11 billion.
- Musk owns billions of shares in SpaceX, so this giveaway would not significantly reduce his holdings.
- Musk posted the announcement on X (formerly Twitter) around 4 a.m. ET on a Monday.
- This is the first planned giveaway of multiple ones that Musk mentioned but did not detail.
