On Monday, Elon Musk posted on X that next year he will give one SpaceX share to every child in America, calling it “the first of many.” Assuming the same definition of a kid as the roughly 72 million American children under 18, he would need only about 1.8% of his 3.9 billion B shares, worth roughly $12 billion at today's price, against an estimated net worth of about $1 trillion. Because he can use shares he already holds, no new shares need to be issued and existing shareholders would not be diluted. Class A shares carry 10 times the voting power of B shares, giving Musk about 85% control of SpaceX, which he is not expected to give up. Longer term, the impact on other shareholders is slight, though many recipients may sell quickly, and nearly 100 million SPCX shares trade daily.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.5T |
| Close on 10/23/2026 | 372.21 |
| Change that session | -0.63% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Meta Just Unveiled a New Takeover Weapon — But There's a Catch
Meta Platforms plans to create a non-voting Class C share class that it could use to raise capital, pay employees and acquire companies as it spends heavily on AI. Shareholders will receive one Class C share for each Class A and Class B share through a one-time dividend, effective January 19, 2027. According to the SEC filing, the structure preserves CEO Mark Zuckerberg's control: he holds about 60.6% of the vote while owning roughly 13.4% of the company, and he can sell 20% of his new Class C shares right away. The filing flags two drawbacks: Class C shares are expected to trade at a discount to voting stock, which would cause more dilution for existing holders, and they cannot meet the voting-stock requirements for certain tax-deferred deals. Meanwhile, third-quarter capex of $34.91 billion left free cash flow at negative $2.12 billion, and Meta expects 2026 capex of $135 billion to $145 billion.
- Oklo Launched Another $1 Billion Stock Sale. Here's How Much Dilution Shareholders Have Absorbed Since It Went Public.
On Sept. 11, Oklo (OKLO) launched an at-the-market equity program to sell up to $1 billion in shares, its latest stock sale since going public through a SPAC merger on May 10, 2024. Outstanding shares rose from about 122.1 million at the merger close to roughly 192.3 million, a 58% increase, after 7.3 million more shares were issued under a May program. Early shareholders who have not sold now own about 37% less of the company, although the share price is up 311% as of Oct. 12. The stock hit a 52-week low on Oct. 8 and trades near $35, so raising $1 billion now would take about 29 million shares versus about 18 million under the May program. The article calls dilution a significant risk that could continue until Oklo reaches profitability.
- Prediction: Here's What a $5,000 Investment in Archer Aviation Will Be Worth in 3 Years
Archer Aviation (ACHR) trades near $5 a share, down from about $7.50 at the close of 2025 and below $7 for much of 2026. The eVTOL company earned just $300,000 in revenue in 2025, and its Midnight aircraft still lacks FAA approval for commercial flights. The author expects FAA type certification by 2029, noting Archer has completed three of four certification phases, and sees upside from a planned purchase of three Boeing subsidiaries, including Insitu, a drone maker with over $200 million in annual revenue. The main risk is dilution from further capital raises and shares issued for the deal, as Archer lost about $260 million in the second quarter alone. The author sees a shot at $8 a share by October 2029, which would turn $5,000 into $8,000, while stressing that this is not a guarantee.
- US administrations asked Musk to switch Starlink on or off in multiple countries : Report
According to a Reuters report citing six former senior US officials, the Biden and Trump administrations repeatedly asked SpaceX, led by Elon Musk, to activate or restrict the Starlink satellite internet service in several countries. The requests included disabling Starlink to stop Iran-backed militias in Yemen and Lebanon from using it, and activating it to provide internet access in Iran and Ukraine. The Trump administration also asked for Starlink to be made available in Iran after US-Israeli strikes in 2025 and 2026, aiming to support anti-government protesters. Recent restrictions on Ukraine's access to SpaceX satellite services, including Starshield, have renewed concerns about Washington's reliance on a private company, while European officials see no readily available alternative. Zelenskiy said Starshield access was deliberately restricted and Starlink speeds reduced, while Musk said limits on Starshield are decided by the US military and ultimately the president.
- Elon Musk Just Gave Fantastic News for Nvidia Investors
SpaceX (SPCX) reported revenue up 161% and net income of $4.4 billion, its first quarterly profit. Its AI business, now called SI (Super Intelligence), saw sales rise 835% year over year, driven by compute deals, the acquisition of coding company Cursor and enterprise adoption of the Grok model, and it posted $431 million in operating income. The company rents compute power from its Colossus I cluster, with agreements with Alphabet and Anthropic worth $920 million and $1.2 billion in monthly revenue, respectively. Musk said Colossus II will mainly use Nvidia's Vera Rubin infrastructure, requiring 440,000 Vera Rubin computers for optimal training. Musk thinks SpaceX could reach $500 billion to $1 trillion in Annual Recurring Revenue (ARR) by the end of 2027, while Nvidia CEO Jensen Huang forecast $1 trillion in sales through 2027 from Blackwell and Rubin, and Wall Street expects Nvidia sales of $692 billion next year, a 68% increase. The author views Musk's use of full Vera Rubin computer systems as good news for Nvidia.
- SpaceX's "Super Intelligence" Segment Just Made the Stock a Must-Own
SpaceX's 'super intelligence' (SI) segment, formerly its AI business, generated $7.56 billion in Q3 revenue, up 830% from $813 million in 2025 and well above $2.56 billion in Q2. Most of the growth came from AI models, including subscription platforms, and infrastructure, which rose from $2.56 billion to $7.02 billion; X ad revenue grew from $454 million to $538 million. The segment's capital expenditures reached $16.4 billion in the quarter. The author views the stock as attractively priced at current levels if growth continues, but argues that such a pace may be hard to sustain, and the stock gave back its roughly 10% post-earnings gain by Thursday.
Related markets
Latest news
- History Shows 1 Powerful Fact That Makes Me Bullish on VTI
The article argues that long-term investors can look past daily headlines, since the broader U.S. stock market has tended to grow over time, using the Vanguard Morningstar Total Stock Market ETF (VTI) as an example. The fund has been available since May 2001 and delivered average annual returns of 9.44% over 25 years and about 12.6% annualized over the past five years, including through the 2008 financial crisis and the dot-com bear market. VTI holds 3,519 stocks across small-, mid- and large-caps, though it has underperformed the S&P 500 and Nasdaq-100 over the past 10 years. The illustrative math shows a one-time $1,000 investment in 2001 growing to about $9,537, while $300 monthly would have reached about $325,555 and $500 monthly $542,592 after 25 years. The author stresses that past returns do not guarantee future results.
- Expert view: VN-Index has formed a short-term bottom, but this risk needs attention
VN-Index fell sharply in the first two sessions of the 19-23/10 week, at one point dropping to the 1,670-point area, before rebounding on broader buying late in the week to finish up 68.24 points (4%) at 1,774.15. Foreign investors net bought in 2 mid-week sessions but were still net sellers of about VND 969 billion over the five sessions. Mr. Bui Van Huy, CEO of FIDT, believes the market has likely formed a short-term bottom, citing the State Bank's request that banks cut deposit rates for terms of 6 months or longer by at least 0.5% per year and lower lending rates for priority sectors by 1.5-2% per year, along with a P/E excluding Vingroup of below or around 10 times. He cautions, however, that the bottom is not yet sustainable given risks from the Fed, global inflation and domestic inflation (September CPI up more than 5% year on year). He suggests investors consider buying in stages on market pullbacks, limit margin use and watch infrastructure and public investment groups.
- Berkshire Hathaway Stock Rose 10 Days in a Row in October for the First Time Since 2018. Here's What History Says Comes Next.
Class B shares of Berkshire Hathaway closed higher for 10 consecutive sessions from Oct. 1 through Oct. 14, rising from about $498 to $526, before the streak ended on Oct. 15. The stock later topped $547, surpassing the record close of $539.89 set in May 2025. Since 1998, such 10-day winning runs have occurred six other times, and in four of those six cases the shares were higher 12 months later. Under CEO Greg Abel, Berkshire has added to its Alphabet and Delta Air Lines positions and bought back about $4.4 billion of its own stock. The author notes the streak does not guarantee returns over the next 12 months, particularly with shares at a record high, but remains bullish on the company's long-term prospects.
- RBI does not target any price or level for rupee, says Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said the central bank does not target any price or level for the rupee, but will keep taking necessary measures to curb speculation and excessive volatility and ensure orderly conditions in the forex market. Speaking at the NDTV World Summit 2026 in New Delhi, he said geopolitical tensions, supply chain disruptions, the West Asia conflict and trade uncertainty have made the work of central banks more challenging. He noted that global inflation is elevated and commodity prices are higher, while global growth is lower, at 3.1% this year according to the IMF. He stressed that price stability remains the primary responsibility of central banks, and that inflation in India has risen steadily, largely due to supply-side pressures, to 5.5%. The RBI has raised its policy repo rate by 25 basis points, and its top goal is to rein in inflation while ensuring financial stability.
- Intel (NASDAQ: INTC) Stock Price Up 1.7% – Here's Why
Intel shares rose 1.7% on Friday, trading as high as $87.87 and last at $86.96, versus a prior close of $85.49. Mid-day volume was 71,560,092 shares, down 38% from the average of 115,776,344. Supportive news included an FCC waiver allowing Intel to keep using foreign-made robotic devices and Wedbush's view that its Arizona chip plant could provide a potential boost. Investors are positioning ahead of the October 29 quarterly report, where strong server-CPU demand and recent price increases are cited as possible drivers, while Erste Group raised its fiscal 2027 EPS forecast to $1.59 from $1.56, above the consensus of $1.05. Risks include a third-quarter adjusted EPS outlook of $0.38, below the prior quarter's $0.42, analyst questions about foundry yields and scale, and Nvidia's expansion into CPUs. MarketBeat data shows a consensus rating of 'Hold' and an average target price of $107.73.
- DMCC announces former World Bank official as headline speaker for Dubai Precious Metals Conference
DMCC has confirmed Isabelle Strauss-Kahn, former senior official at the World Bank and Banque de France, as a keynote speaker at the 14th Dubai Precious Metals Conference, held on 16–17 November 2026 at Uptown Dubai. The Ministry of Foreign Trade is the strategic partner, and Minister Dr. Thani bin Ahmed Al Zeyoudi will deliver the opening keynote. Under the theme “Reshaping Global Precious Metals Markets,” the conference will address geopolitical tensions, trade flows, central bank reserve strategies and new financial technologies. Other speakers include David Tait of the World Gold Council, Louis Marechal of the OECD, Michael Lawrence of Asia House and Essa Alfalasi of Emirates Minting Factory.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.