NewzTech billionaire Elon Musk said on Monday that he would give every child in the United States a share in his SpaceX rocket company. “Next year, I will give one of my SpaceX shares to every kid in America,” Musk, the richest man in the world, said on X. “This will be the first of many,” he said, without providing details about how the scheme would work.
There are around 73 million children under the age of 18 in the United States, according to 2024 data from the US Census Bureau. Every child in the United States will be given a share in rocket company SpaceX, tech billionaire Elon Musk announced Monday. "Next year, I will give one of my SpaceX shares to eve...
Musk owns 38 percent of SpaceX, according to Forbes. His announcement comes after President Donald Trump promised last month to give every American adult $5,000 if his Republican party retains control of Congress in November’s midterm elections. SpaceX set the record for the largest initial public offering in history, raising $85.7 billion in June.
The company’s Starship megarocket reached orbit for the first time in September, a milestone for the rocket central to Musk’s Mars ambitions. The post Musk says will give SpaceX share to ‘every kid in America’ appeared first on Vanguard News. Elon Musk, the world’s richest man, said this would be the first of many, but gave no details on how the scheme would work.
(EPA Images pic)WASHINGTON: Tech billionaire Elon Musk said on Monday that he would give every child in the United States a share in his SpaceX rocket company."Next year, I will give one of my SpaceX shares to every kid in America," Musk, the richest man in the world, said on X."This will be the first of many," he said, without providing details about how the scheme would work.There are around 73 million children under the age of 18 in the US, according to 2024 data from the US Census Bureau.Musk owns 38% of SpaceX, according to Forbes.His announcement comes after President Donald Trump promised last month to give every American adult US$5,000 if his Republican party retains control of Congress in November's midterm elections.SpaceX set the record for the largest initial public offering in history, raising US$85.7 billion in June.The company's Starship megarocket reached orbit for the first time in September, a milestone for the rocket central to Musk's Mars ambitions. Elon Musk said Monday he'd give one of his shares in SpaceX to every "kid" in America next year.Why it matters: It'd be a roughly $11 billion giveaway at current stock prices, nearly double Michael Dell's record-breaking Trump accounts gift. What they're saying: "Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many," Musk said in a post to X just before 4 a.m. He did not specify if "kid" meant all minors under 18 or some other status, nor did he elaborate on what "first of many" meant.He also did not reply to X accounts asking if he meant all kids present in the U.S., or just citizens. By the numbers: Per the Census Bureau, there are just over 72 million people under 18 in the U.S.If each got one SpaceX share, at Friday's closing price of $146.03, that'd be a market value of a little over $10.5 billion.Musk owns billions of SpaceX shares, so the giveaway would make only a small dent in his holdings.
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