Musk Promises SpaceX Shares To Every American Child

Tech billionaire Elon Musk has said he will give every child in the United States a share in his rocket company, SpaceX, next year.

“Next year, I will give one of my SpaceX shares to every kid in America,” Musk, the world’s richest man, said in a post on X on Monday.

He described the proposed initiative as the first of many, but did not provide details on how the scheme would work.

According to 2024 data from the US Census Bureau, there are approximately 73 million children under the age of 18 in the United States.

Musk owns 38 per cent of SpaceX, according to Forbes.

His announcement comes after President Donald Trump promised last month to give every American adult $5,000 if his Republican Party retains control of Congress in November’s midterm elections.

SpaceX reportedly set a record for the largest initial public offering in history, raising $85.7 billion in June.

The company’s Starship mega-rocket also reached orbit for the first time in September, marking a milestone for the spacecraft central to Musk’s ambitions to reach Mars.