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- SpaceX boss Elon Musk said Monday that he’ll give one of his shares in the company to every child in the U.S. next year.
- That would amount to the CEO giving away about $10.5 billion worth of shares.
- Musk did not provide further details on how the share giveaway would happen.
SpaceX boss Elon Musk said Monday that he’ll give every child in the U.S. one of his shares in the company next year.
Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when taking into account unvested awards and stock options, representing a 48.4% beneficial stake in the company.
There were 72 million children under 18 in the U.S. as of July 1, 2025, according to official census data.
That would amount to the CEO giving away about $10.5 billion worth of shares, taking into account SpaceX’s closing stock price of $146.03 as of Friday.
“This will be the first of many,” Musk said in a post on X, without providing further details on how the share giveaway would happen.
CNBC has reached out to SpaceX for further comment.
Musk’s comments come hot on the heels of Anthropic revealing that it plans to commit 5% of its shares to a new public benefit fund, with the stake potentially increasing as the company’s valuation grows.
This is a developing story. Refresh for updates.
