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Elon Musk vows to give a share of SpaceX stock to every US child

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MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.4T
Close on 10/19/2026368.06
Change that session+3.76%
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  • Elon Musk says he will give every US child one SpaceX share

    Billionaire Elon Musk announced on X on October 19 that he will give one SpaceX share to each American child next year. With about 73 million Americans under 18, the program could be worth roughly $10.5-11 billion at the current share price, though Musk has not yet disclosed how shares would be distributed or who would qualify. The move follows Anthropic's plan to set aside 5% of its shares for a public benefit fund, and Musk suggested the company give shares directly to the public. According to Forbes, Musk's net worth was about $924 billion as of October 19, 2026, far ahead of Jeff Bezos at about $381 billion. SpaceX's Starlink network has roughly 10,000 active satellites, and in late September 2026 Starship made its first commercial orbital flight, deploying 26 Starlink V3 satellites.

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  • Billionaire Elon Musk pledges SpaceX shares for every US child

    Billionaire Elon Musk pledged to give one SpaceX share to every child in the US by 2027, just hours after Anthropic announced it would set aside 5% of its equity for a public-benefit fund. The US Census Bureau estimates about 72 million children live in the country, and at the current price of $146 per share the gift would be worth roughly $10.5 billion. Musk has not shared details of how the gifts will be made, and the announcement comes as the Trump administration's 'Trump Accounts' initiative provides $1,000 for each child born from 2025 to 2028. According to the Bloomberg Billionaires Index, Musk is the world's richest person with a net worth above $900 billion, about $700 billion of which comes from SpaceX shares.

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  • ABC Business - WOND

    Elon Musk, the world's wealthiest person, on Monday vowed to give every child in the U.S. a share of SpaceX, a company valued at nearly $2 trillion, starting next year. Based on an estimated 73 million children under 18 and a share price of about $150, the giveaway would total nearly $11 billion, or about 1.2% of Musk's $908.5 billion net worth. Musk did not say how or when the shares would be distributed or what age cutoff would apply. The pledge came as Anthropic announced a Public Benefit Fund holding 5% of its shares and the OpenAI Foundation planned to invest $1 billion over a year, amid concerns about AI's effects on jobs and the economy.

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  • Gary Black Predicts SpaceX Buys Tesla for “$420/Share” Within Weeks

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