Elon Musk Announces SpaceX Share Gift for Every American Child
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Elon Musk said he will give one SpaceX share to every child in America, a gift worth about ten point five billion dollars today. The pledge follows SpaceX’s public offering this summer, when the company’s shares closed at one hundred forty-six dollars. Musk’s post appeared early Monday on X, noting the plan is the first of many. With roughly seventy two million children in the United States, the giveaway would reduce Musk’s stake by one point five percent. The move joins a broader trend of companies donating shares to children to foster long‑term wealth.
Timeline
- 2026-07 — SpaceX goes public, shares close at one hundred forty‑six
- 2026-07 — SpaceX market capitalization reaches two trillion dollars
- On January 2 2027 Musk posts on X, pledges one share per child.
- On January 2 2027 Gift valued at ten point five billion dollars announced.
Sources
The Atlanta Journal-Constitution
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