SpaceX (SPCX) and Tesla (TSLA) CEO Elon Musk said he plans to give one SPCX share to every U.S. child next year, calling it “the first of many.” With around 70 million Americans under 18 and SPCX closing near $146 on Friday, the gift would be worth about $10.2 billion, a little more than 1% of the six-plus billion SpaceX shares Musk controls. Implementation details remain unclear, including eligibility, which share class would be used, how shares would be transferred to minors, and tax treatment; the plan could be tied to Trump Accounts, which SpaceX President Gwynne Shotwell and her husband supported in July for more than two million children, valued at about $325 million at the time. SpaceX is scheduled to report earnings after the bell on Tuesday, with analysts expecting EPS of $0.13 on revenue of $13.02 billion.
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TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/16/2026 | 354.67 |
| Change that session | -2.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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