Elon Musk wrote on X on October 19, 2026 that he will give one SpaceX share to every child in America next year, calling it the first of many. About 72 million Americans are under 18, and Yahoo Finance valued the pledge at $10.5 billion using the October 16 close of $146.03; at Monday's $147.96 close, the value is about $10.65 billion. The announcement has no eligibility rules, delivery mechanism, tax treatment, or timing details, and Musk did not respond to a request for comment. SpaceX (SPCX) rose 1.32% on Monday to a $2.01 trillion market value, while second-quarter revenue of $7.814 billion beat the $6.819 billion consensus even though EPS was -$0.09. The article says the third-quarter report due October 20 will likely matter more to the stock than the pledge.
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 | $1.4T |
| Close on 10/19/2026 | 368.06 |
| Change that session | +3.76% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Elon Musk Says He Will Give One SPCX Share To Every US Child Next Year – ‘Will Be First Of Many’
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.
- SpaceX Is Buying Airwaves to Take On the Wireless Carriers. Is the Stock a Buy?
On October 8, SpaceX agreed to buy Grain Management's nationwide 800 MHz spectrum portfolio to help its Starlink Mobile service reach phones indoors; terms were not disclosed, though The Wall Street Journal put the price at about $8 billion in cash. Shares of T-Mobile, Verizon and AT&T each fell over 10% the next day, while SpaceX stock barely moved and trades near $146, about 31% below its record $211.39 close on June 16. In the second quarter, SpaceX's connectivity segment, which houses Starlink, posted revenue of $4.3 billion, up 66% year over year, and was the only segment with an operating profit; the Grain purchase still needs FCC approval. At a valuation of about $2 trillion, the $8 billion is under 1% of that, but trailing four-quarter revenue of about $23 billion leaves the stock above 80 times sales, and the company lost $4.8 billion in the first half of 2026. The author considers the stock still too pricey, noting that revenue from direct phone service is probably more than a year away and that third-quarter results are due October 20.
- SpaceX Earnings Due Amid AI Revenue Surge, Tesla Merger Buzz
- What could a Tesla-SpaceX merger earn? Cathie Wood's Ark Invest has a $2.7 trillion answer.
Cathie Wood's Ark Invest estimates that a combined SpaceX and Tesla could generate $3.8 trillion in sales and $2.7 trillion in operating profit by 2031, with SpaceX accounting for roughly 62% of sales and 69% of operating profit. That figure is far above current Wall Street forecasts of $43 billion in SpaceX sales and $107 billion in Tesla sales this year. Ark said Tesla's robotaxi network could help fund SpaceX's orbital data center plans, and that a merger could happen within five years. Dan Ives of Yorkville Ives put the chance of a Tesla-SpaceX merger by the end of 2027 at 80%.
- Could a SpaceX-Tesla Merger Be Announced Today?
- The Tesla Waiting Game: Why TSLA Stock Needs SpaceX, Optimus, and Robotaxis to Break Out
Related markets
Latest news
- Netflix has hit a wall — and Wall Street wants to know what's next
According to a Wall Street Journal report, Netflix has hit a wall: data from Antenna shows it added no net US subscribers in any month this year through the end of September, a claim Netflix disputes. The company has also changed content leadership, removing its head of content and film chief and naming Peter Rice, formerly of Disney and Fox, as content chief. Netflix has not disclosed subscriber numbers since 2025 and has dropped subscriber guidance, so investors are asking what its next catalysts are ahead of its earnings report after the close. The hosts also noted reports that Netflix is pursuing deals with major YouTube creators, but argued that creators may prefer YouTube's massive reach over exclusive streaming contracts.
- Parks Associates: 37% of Recent Home Security System Buyers are Renters as Apple Enters The Smart Home Market
A Parks Associates study of 8,000 US internet households finds that 37% of security system owners who bought within the past year are renters, versus 8% of those who purchased more than six years ago. Nearly one-third of recent buyers also moved during that period, making relocation an important trigger for purchases. The share of US internet households owning a security system rose from 31% in 2022 to 37%, and 36% pay for a security service. As Apple enters the market with cameras and video doorbells developed with LG and ADT handling installation, Parks analysts say providers offering affordable, easy-to-install, flexible systems will be better positioned to win renters. Professional monitoring has not been announced as part of the collaboration.
- Zelensky Lobbies US Senators to Pressure Trump
According to an Axios transcript, Ukrainian President Zelensky urged bipartisan US senators to pressure President Trump in an online meeting on Oct. 19 hosted by Republican Thom Tillis and Democrat Richard Blumenthal. He complained of disrupted weapons deliveries, satellite communications and early warnings of Russian missile attacks, arguing the administration was deliberately slowing support to push Ukraine toward a settlement with Russia. The backdrop is Trump's growing frustration over Ukraine's refusal to halt strikes on Russian oil refineries, which the White House says worsens the global diesel shortage and raises US fuel prices, as well as his Oct. 9, 2026 deal with Putin easing Russian diesel export curbs, which Ukraine condemned. Envoys Steve Witkoff and Jared Kushner reportedly warned Ukraine that US weapons and intelligence support means it should avoid attacks that hurt American consumers, which Ukrainian officials took as a threat to halt aid, though the administration denies issuing any ultimatum. Zelensky also accused War Secretary Pete Hegseth of delaying Patriot and AIM-9X missiles that NATO countries bought for Ukraine.
- Apple Schedules Launch Event For New Pro Macs Under Leadership Of John Ternus
Apple has scheduled a launch event for Oct. 28 in Los Angeles, and its invitation’s “Pro and tell” tagline points to high-end “Pro” devices with Apple’s own chips. Melius Research analyst Ben Reitzes expects new Macs, including a touchscreen notebook, though Apple has long resisted the idea of touchscreen Macs. It will be the third launch under CEO John Ternus, who took over from Tim Cook last month, and Reitzes sees the faster event pace as a meaningful shift from two events a year. Most of the Mac lineup is already refreshed, with the iMac the exception as it has not been updated since October 2024, and Macs accounted for 10% of last quarter’s revenue. Apple’s revenue reached $109.4 billion, up 16%, with Mac revenue up 29% to $10.4 billion, and the stock is up 26% this year.
- Warren Buffett's Berkshire Hathaway Compounded at More Than 19% a Year Over 6 Decades, Nearly Double the S&P 500's 10% Return. Can Investors Still Apply That Playbook Today?
The article looks at Warren Buffett's record at Berkshire Hathaway, which from 1964 to 2024 posted returns of 5,502,284%, or compounded annual growth of about 19.9%, versus 10.4% for the S&P 500 over the same six decades. The author argues that few investors can copy his exact playbook, but anyone can adopt his habits: buying companies they understand and believe in, such as Coca-Cola, holding investments for the long term, and steadily buying low-cost S&P 500 index funds rather than trying to beat the market by picking stocks.
- Ethereum News: JPMorgan Just Brought JPM Coin to Ethereum. Could Wall Street Money Lift ETH?
JPMorgan's Kinexys division made its dollar-backed token JPM Coin (JPMD) available on Ethereum's mainnet to select institutional clients on October 19, 2026, supplementing the earlier version on Base. Kinexys says it has processed over $4 trillion in transactions since launch, averaging about $7 billion a day, but most of that volume runs on its private network, and the bank has not disclosed how much occurs on Ethereum or Base. JPM Coin is a deposit token rather than a stablecoin, and retail investors cannot buy or hold it. ETH did not rise on the news: it traded at $2,386, down 4.2% over the past week and 51.8% below its all-time high, and spot Ether ETFs saw net outflows of $103 million on October 19. The article argues the link to ETH is limited, since clients need only minimal ETH for gas fees and the bank has set no volume target.
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.