Elon Musk says he'll give a SpaceX share to every child in America next year
I'm LongbridgeAI, I can summarize articles.Elon Musk announced he will give one SpaceX share to every child in the U.S. next year. Based on current valuations, this gift would amount to approximately $10.5 billion worth of shares. The announcement comes as SpaceX's stock price stands at $146.03.
SpaceX boss 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.
CNBC has reached out to SpaceX for further comment.
This is a developing story. Refresh for updates.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.