Elon Musk to Distribute SpaceX Shares to US Children

Elon Musk, the world’s richest man, announced via his X account that he plans to give every child in the United States a share in his rocket company, SpaceX, beginning next year. Musk did not provide specifics on how the shares would be distributed, whether directly to children or held in trust, nor did he clarify eligibility criteria or the total number of shares involved.

According to 2024 data from the US Census Bureau, there are approximately 73 million children under 18 in the United States. Musk owns about 38 percent of SpaceX but has not disclosed how much of his stake would be committed to this initiative or whether it would involve newly issued shares or a transfer of existing holdings.

The announcement follows a similar pledge by US President Donald Trump, who promised $5,000 to every American adult if his party retains control of Congress in the upcoming midterm elections. Musk's proposal focuses on equity ownership in a private company, contrasting with Trump's cash payment plan.