Elon Musk says he'll give a SpaceX share to every child in U.S.
Elon Musk announced plans to gift one share of SpaceX to every child in the United States next year, a move valued at approximately $10.5 billion. The proposal has drawn praise from some investors, though Musk's history of fulfilling philanthropic promises remains a point of scrutiny.
Why it matters
The announcement raises questions about corporate governance, the intersection of private wealth and public policy, and the influence of major donors in US politics.
SpaceX CEO Elon Musk said Monday that he'll give every child in the U.S. one of his shares in the company next year.
Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when taking into account unvested awards and stock options, representing a 48.4% beneficial stake in the company.
There were 72 million children under 18 in the U.S. as of July 1, 2025, according to official census data.
That would amount to the CEO giving away about $10.5 billion worth of shares, taking into account SpaceX's closing stock price of $146.03 as of Friday.
"This will be the first of many," Musk said in a post on X, without providing further details on how the share giveaway would happen.
CNBC has reached out to SpaceX and Musk's family office for further details.
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