Key facts
- Elon Musk plans to give SpaceX stock to every child in the US next year.
- The giveaway could involve approximately 72 million children.
- The stock value is estimated at $10.5 billion.
Elon Musk announced on X that he intends to give one share of SpaceX stock to every child in the United States next year. Musk stated this would be the first of many such initiatives. SpaceX, founded by Musk in 2002, is a private company involved in satellite internet services and space launch programs. If Musk proceeds with the giveaway, it would involve an estimated 72 million children and represent a stock value of approximately $10.5 billion. The details of how the giveaway would be implemented and eligibility criteria remain unclear.