Musk says he plans to give one SpaceX share to each US child in 2027

Musk’s stated plan

Moneycontrol reports that Elon Musk said he intends to give one SpaceX share from his own holdings to every child in the United States in 2027. The article says he announced the idea on X on October 19 and indicated that further distributions would come after that. It also notes that Musk has not yet provided a mechanism for carrying out the transfer or a specific date for when it would happen.

SpaceX share price and recent trading

The report says SpaceX stock trades under the symbol SPCX. It ended Friday, October 16, at $146.03, which was down 1.74% from the previous close, according to Trading Economics. Moneycontrol says the stock has moved in a range of about $145 to $165 over the past two months.

Listing and ownership context

Moneycontrol says SpaceX started trading on June 12, 2026, after pricing its IPO at $135 per share. At that price, the company was valued at about $1.77 trillion, which the article describes as the largest public listing so far. It says the shares closed their first trading day at $161, then rose above $220 at one point before later easing. The report also says Musk owns close to 42% of the company’s equity and controls about 82% of the votes through Class B stock.

Estimated cost and open questions

Using US Census Bureau estimates of about 73.1 million people under 18 this year, Moneycontrol calculates the giveaway would be worth roughly $10.7 billion at Friday’s closing price. The report says that based on Forbes’ estimate of Musk’s wealth at about $1.1 trillion, the pledge would amount to nearly 1% of his fortune. It adds that the final value would depend on the share price when the stock is actually distributed.

Unresolved details

The article says Musk has not said who would handle the distribution or how children would be identified and verified. It also says it is unclear whether the shares would be placed in custodial accounts controlled by parents or in a trust. Moneycontrol adds that the status of children born during 2027 and teenagers who turn 18 before the transfer is also unresolved.