Daddy Musk Is Buying the Love of America's Ungrateful Children
Summary
Elon Musk plans to give every child in America one share of SpaceX stock next year, worth about $146 each. This gift could total around $10.5 billion and make millions of young people shareholders in his company.Key Facts
- Elon Musk announced he will give every American child under 18 one share of SpaceX stock.
- The share value is about $146, with around 72 million children eligible.
- The total value of the gift could be about $10.5 billion.
- This amount is roughly 1% of Musk’s total wealth.
- The shares have not yet been distributed, only promised.
- The gift might be given through government-backed investment accounts for children called Trump Accounts.
- Musk’s announcement followed a rival company's promise to give shares to a public-benefit fund.
- Receiving the shares does not mean children agree with Musk’s views or politics.
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