Elon Musk Pledges $10.5B in SpaceX Shares to American Children

Musk posted on social media that he would give one of his SpaceX shares to every kid in America next year, and that this offering would be “the first of many”—without offering more details on how this massive wealth transfer would work. Elon Musk, the richest person on earth, has pledged to transfer part of his stock holdings to American children. On Monday, the billionaire founder of SpaceX, Neuralink, and xAI announced on social media that he would give each kid in America a share of SpaceX next year. The announcement implies Musk will transfer 72 million shares to 72 million American children under 18, as official census data indicates.

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