Yahoo Finance reports Musk plans SpaceX share gifts to U.S. children

Musk’s announcement

Yahoo Finance reports that Elon Musk said on X he plans to give one SpaceX share to every child in the United States next year. He described it as “the first of many,” according to the article. The post has attracted millions of views, but the source says it leaves major questions unanswered.

What the proposed gift would involve

The article explains that Musk did not provide immediate details about how the transfers would work. Yahoo Finance says private shares are different from public stock because they include transfer limits that public shares do not. It also notes that SpaceX is one of the world’s most valuable private companies, with its business supported by reusable rockets, Starlink internet service, and contracts with NASA and commercial customers.

Scale and estimated value

Yahoo Finance says the proposal would affect roughly 70 million children. Using a current TradingView price of $146.03 for SPCX, the article estimates the total value of the pledge at about $10.2 billion. The report adds that granting one share to each child under 18 would amount to a large transfer of value.

Questions about execution

According to Yahoo Finance, ownership stakes in private companies are usually recorded in company books and moved only through approved transfers. That makes a mass distribution much more complicated than giving public stock. The article says each recipient would have to satisfy the eligibility and transfer rules that apply to private equity.

Unresolved issues and reaction

Yahoo Finance says several points are still unclear, including the eligibility rules, the valuation used at the time of distribution, and possible tax consequences. It also says minors and non-accredited investors could face practical problems in holding private equity, and regulators may need to approve the transfers. Online reactions described in the article ranged from support to skepticism, with some readers questioning how a child would responsibly hold such equity before adulthood. The report says Musk has spoken before about broader access to ownership in transformative companies, and that implementation details are expected in the coming months.