Elon Musk said he will give one of his SpaceX shares to every child in the U.S. next year. The giveaway would be worth about $10.5 billion, but Musk has not said how it would work.
SpaceX boss Elon Musk said Monday that he will give every child in the U.S. one of his shares in the company next year. He announced the plan in a post on X.
According to CNBC: "This will be the first of many," Musk said, without providing further details on how the giveaway would happen.
The math behind the pledge
There were 72 million children under 18 in the U.S. as of July 1, 2025, according to official census data. At SpaceX's closing stock price of $146.03 as of Friday, that would amount to about $10.5 billion worth of shares.
Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when unvested awards and stock options are included, representing a 48.4% beneficial stake.
Open questions on how it would work
Musk did not say how the giveaway would work or who would be eligible, according to Business Insider. It was also not immediately clear whether the plan would use the Trump administration's "Trump Accounts" initiative or follow a separate structure.
Those accounts give eligible children investment accounts and a $1,000 federal seed deposit for those born between 2025 and 2028, Business Insider reported.
SpaceX President Gwynne Shotwell and her husband had earlier pledged SpaceX shares for more than 2 million children, while Musk had not publicly committed his own shares.
The announcement also comes hot on the heels of Anthropic's plan to commit 5% of its shares to a new public benefit fund, CNBC reported.
Sources: CNBC, Business Insider
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