19.10.2026 13:34
US billionaire Elon Musk announced that next year he will give one of his SpaceX shares to every child in the US. Musk did not provide information on how the distribution would be carried out. According to a CNBC report, there are 72 million people under the age of 18 in the US; based on the latest closing prices, the total market value of the shares to be distributed is estimated to be around $10.5 billion.
US billionaire Elon Musk announced that next year he will give "one of his shares" in SpaceX, the company he is CEO of, to "every child" in the US.
Elon Musk also made a promise regarding his SpaceX shares in a post from his account on the social media platform of the US-based company X, which he owns.
Musk said, "Next year I will give one of my SpaceX shares to every child in America."
UNCLEAR HOW THE DISTRIBUTION WILL BE MADE
Musk, who also indicated that this initiative will continue in the future, did not provide information in his post about how the distribution would be carried out.
72 MILLION CHILDREN, 10.5 BILLION DOLLARS
According to CNBC television news, there are 72 million people under the age of 18 in the US. Based on the latest closing prices, the total market value of the shares to be distributed is estimated to be around 10.5 billion dollars.
This possible distribution constitutes a very small portion of Musk's total shares, as he holds billions of SpaceX shares.