Musk plans SpaceX share gift for millions of US children
Elon Musk announced plans to distribute one SpaceX share to each US child under 18.
Musk posted on his social media platform X that the giveaway would launch in 2027. Musk provided no details on how it would work.
The US has just over 70 million people under 18. At SpaceX's current trading price below $150 per share, one share per child would total more than $10 billion.
Musk's wealth of about $900 billion is mostly tied up in SpaceX and Tesla stock. The announcement may have been prompted by rival AI company Anthropic.
Anthropic announced it would place 5 per cent of its shares into a fund for public benefit.
- 70 million
- US children under 18
- Below $150
- SpaceX share price
- Over $10 billion
- Total giveaway value
- $900 billion
- Musk's total wealth
Why it mattersThe pledge highlights Musk's willingness to make dramatic wealth-distribution gestures, though implementation details and legal feasibility remain unclear.
AustraliaNo direct Australian effect, though any major shift in SpaceX's share structure could eventually affect the space company's operations or investor landscape globally.
Corroborated by7news.com.au·perthnow.com.au
✓ Claims checked against the source. checked 3 h ago
Open this story in InSnip →
