Yahoo Finance says Musk announced a SpaceX share gift plan for children
Key points
- Yahoo Finance says Musk announced he would give one SpaceX share to every child in America.
- The report says families cannot say no to the gift.
- It also says children may have to wait five years before cashing out.
According to Yahoo Finance, Elon Musk said on Oct. 19 that he would give $10.66 billion to “every kid in America” in the form of one SpaceX share per child. The report says the plan has a catch: families cannot refuse the gift. Yahoo Finance also says recipients may need to wait five years before they can cash out. The preview text says Musk said the gift would be part of a larger plan to give much more later, but it does not provide further details.
Original reporting
This page summarizes reporting by Yahoo Finance, originally published October 22, 2026 at 11:30 PM under the headline "Elon Musk’s $10.5B SpaceX gift to kids has a catch: Families can’t say no — and may need to wait 5 years to cash out". All rights to the original article belong to Yahoo Finance.
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More coverage of this story
- Moneywise on MSN · Oct 22, 2026Elon Musk’s $10.5B SpaceX gift to kids has a catch: Families can’t refuse it — and may need to wait 5 years to cash out
- FOX News on MSN · 20h agoAmericans aren't sold on Musk's proposal to gift SpaceX shares to kids: 'Believe it when I see it'
- 24/7 Wall St. · Oct 22, 2026Elon Musk Wants to Give Every Kid in America a SpaceX Share. The Tax Rules Behind the Gift Are More Complicated Than It Sounds
- ICTworks · Oct 22, 2026Can Elon Musk Give a SpaceX Share to Every Child on Earth?
- InvestmentNews · Oct 21, 2026Musk’s SpaceX gift puts Trump Accounts’ stock rules to the test
- Deccan Herald · Oct 21, 2026Elon Musk’s promise to give SpaceX stock to kids is no gift