Musk says he will give SpaceX shares to children in the US next year

Musk’s announcement

TimesLIVE reports that South African-born entrepreneur Elon Musk said he will give a share of his aerospace company, SpaceX, to every child in America next year. The article says Musk, described as the world’s richest person, made the announcement on X on Monday. In his post, Musk wrote: “Next year, I will give one of my SpaceX shares to every kid in America,” and added that this would be “the first of many.”

SpaceX’s recent financial milestones

The article says the announcement came after SpaceX reached a major financial and operational milestone. TimesLIVE reports that the company recently projected $1-trillion in revenue by 2030. It also says SpaceX’s market value after a record-breaking initial public offering on the Nasdaq in June 2026 was nearly $2-trillion, a valuation that made Musk the world’s first trillionaire.

Musk’s stake and the estimated cost

According to official SEC regulatory filings cited by TimesLIVE, Musk owns 6.42-billion total shares of SpaceX. The article says that amount represents a 48.4% beneficial equity stake in the company. Based on an estimated 72 to 73-million children under 18 in the US and SpaceX stock reportedly priced between $146 and $148 per share, the article estimates the giveaway would cost between $10.5bn and $10.7bn.

Reaction from Trump and account details

TimesLIVE says Musk has not yet given more operational details about how the giveaway would work. The article adds that US President Donald Trump thanked Musk publicly for the idea. Trump wrote that he was thanking Musk for giving SpaceX stock to millions of American children through Trump Accounts. TimesLIVE explains that Trump Accounts are tax-deferred custodial investment accounts for US citizen children under 18, created under the 2025 One Big Beautiful Bill Act and launched in July this year.