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Elon Musk Pledges SpaceX Share for Every Child in America—What They're Worth

Elon Musk Pledges SpaceX Share for Every Child in America—What They're Worth

Also reported by Axios

Summary

Elon Musk said he will give one share of his SpaceX company to every child in the United States next year. He did not explain how this gift will work or mention any other plans.

Key Facts

  • Elon Musk plans to give one SpaceX share to every American child next year.
  • He tweeted the announcement early on Monday.
  • Musk owns about 6.4 billion shares, nearly half of SpaceX.
  • Each share is currently worth about $146.
  • Musk has not shared details on how the plan will be carried out.
  • He hinted this is the first of many giveaways.
  • SpaceX shares are not publicly traded in the same way as regular stock, so the value is estimated.
  • This news is new and may be updated as more information becomes available.
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