Musk says he plans to give SpaceX shares to children in the U.S.

Musk’s announcement

The News International reports that Elon Musk said he intends to give one SpaceX share to every child in America in 2027. The article says he made the announcement in a post on X. In that post, Musk wrote, “Next year, I will give one of my SpaceX shares to every kid in America.” He also added, “This will be the first of many.”

Details that were not explained

According to the source, Musk did not say exactly when in 2027 the distribution would happen. The article says he also left unanswered questions about who would qualify and how the shares would be transferred to millions of children in the United States.

Value and scale of the plan

The News International says a single SpaceX share is currently worth about $146 to $147. Using that figure, the article estimates that giving a share to 72 million children under 18 in the United States would amount to roughly $10.5 billion to $11 billion.

SpaceX background and public reaction

The article says SpaceX was founded by Musk in 2002 and is among the world’s most valuable private companies. It reports that the company runs the Starlink satellite internet network and its launch and spacecraft businesses.

The source also says the announcement drew supportive replies on social media. It quotes author Evan Kilgore as asking Musk a clarifying question about whether the plan was for every kid in America or every American child specifically. Another online commenter praised the idea and said it could give children an early interest in investing.