Elon Musk says he'll give every child in America a share in SpaceX

Elon Musk took to X to announce his plans to give every child in America a SpaceX share. Finn Gomez/Getty Images Elon Musk said Monday he plans to give SpaceX stock to every child in the United States next year."Next year, I will give one of my SpaceX shares to every kid in America," Musk wrote in a post on X. "This will be the first of many."SpaceX, founded by Musk in 2002, is one of the world’s most valuable private companies and operates the Starlink satellite internet service as well as launch and spacecraft programs.If Musk did give stock to every child in the US, that would cover roughly 72 million people, and at SpaceX's current share price, represent stock worth about $10.5 billion.Musk did not say how the giveaway would work or who would be eligible.The pledge echoes the Trump administration’s “Trump Accounts” initiative, which gives eligible children investment accounts and a $1,000 federal seed deposit for those born between 2025 and 2028.SpaceX President Gwynne Shotwell and her husband had earlier pledged SpaceX shares for more than 2 million children, while Musk had not publicly committed his own shares.It was not immediately clear whether Musk’s proposed giveaway would use those accounts or follow a separate structure. Read next Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Business Insider tells the innovative stories you want to know Georgia is a Business News Fellow at Business Insider's London office.Before joining Business Insider, she worked at Japan's largest newspaper, The Yomiuri Shimbun, and interned at the Financial Times. She is an NCTJ-qualified journalist with a degree in Philosophy from the University of Birmingham. Elon Musk Wealth Stocks More