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Elon Musk promises free SpaceX shares to all US children
Elon Musk announced his plans to distribute one share of his personal stake in SpaceX to every child in the United States by 2027. The initiative aims to give shares directly to children rather than depositing them into charitable funds, with the distributed shares valued at approximately $10.5 billion, in a country with around 72 million children under the age of eighteen. This move comes after SpaceX's listing on the stock exchange, with Musk owning 6.42 billion shares, representing a 48.4% stake. The initiative indicates efforts to enable children to directly benefit from the company's successes and intersects with government programs and campaigns that support tax-advantaged investment accounts for children.
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