Elon Musk to Give SpaceX Shares to US Children in 2027

Elon Musk, the founder of SpaceX, announced plans to distribute one share of his aerospace company to every child in the United States in 2027, with the initiative estimated to be worth $10.5 billion. This announcement was made via a post on his social media platform X. Musk indicated that this would be the first of several planned distributions, although he did not provide specific details regarding eligibility, distribution procedures, or the timeline.

The proposed giveaway could potentially benefit around 72.02 million American children, according to the US Census Bureau's 2025 population estimates. As of June 30, Musk beneficially owned approximately 6.42 billion SpaceX shares, representing 48.4% of the company.

Distributing around 72 million shares would reduce his holdings to approximately 6.35 billion shares, decreasing his ownership percentage to 47.86%. Based on an estimated net worth of $904 billion as of October 16, the transfer would represent about 1.16% of his fortune, potentially lowering it to approximately $893.48 billion.