Elon Musk Pledges SpaceX Share to Every US Child

Elon Musk announced on Monday that he intends to give one share of SpaceX to every child in the United States next year. Posting on the social media platform X, the SpaceX founder and Tesla CEO stated that this initiative "will be the first of many" giveaways.

Musk currently holds approximately 6.4 billion shares, which represents nearly half of the aerospace company. While he has not yet provided specific operational details regarding how the shares will be distributed, a single share was valued at approximately $146.03 based on the closing price from Friday, October 16.