Elon Musk promises to give away $10 billion in SpaceX stock in 2027

The world’s first trillionaire, Elon Musk , promised to make what could easily turn into his largest SpaceX (NASDAQ: SPCX ) stock donation to date in a Monday, October 19 post on his social media platform X . Indeed, the famous businessman declared that he would give one of his SPCX shares to every ‘kid’ in America. Considering there are more than 70 million people under the age of 18 in the U.S. – UNICEF data shows there were 74.1 million in 2023 – and that SPCX stock closed at $146.03 on Friday, October 16, the total value of the donation stands at approximately $10.8 billion, assuming no price changes. Simultaneously, the actual amount could prove much larger.

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