loading
loading
SpaceX and Tesla CEO Elon Musk made a striking announcement, saying he plans to give every child in the United States one of his shares in the space exploration company next year. The proposal, announced on Monday, could put SpaceX shares in the hands of millions of young Americans, although details about eligibility and how the shares would be distributed remain unclear. Musk, who became the world’s first trillionaire following SpaceX’s listing, announced on Monday that he would give every child in the United States one SpaceX share next year. Musk made the announcement on X, writing, “Next year, I will give one of my SpaceX shares to every kid in America.” However, he did not disclose how recipients would be identified, which class of shares would be distributed or how the shares would be legally transferred to minors. In July, SpaceX President Gwynne Shotwell and her husband reportedly pledged one SpaceX share each to Trump Accounts for more than two million children. The shares were valued at approximately $325 million at the time. Recently, Anthropic announced that it was allocating 5% of its shares to a fund that would make donations to support the public good In response to an Anthropic post on X about the fund on Sunday, Musk replied, “I recommend giving the shares directly to the public,” adding that this was what he would be doing. Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when unvested awards and stock options are included, representing a 48.4% beneficial stake in the company, CNBC reported. There were 72 million children under the age of 18 in the US as of July 1, 2025, according to official Census Bureau data. Based on SpaceX’s closing share price of $146.03 on Friday, distributing one share to each child would amount to approximately $10.5 billion worth of shares, the report showed. Following SpaceX’s IPO on June 12, Musk holds 82% of the company’s voting power, highlighting his control over the business. Alphabet, Google’s parent company, holds around a 6% stake in SpaceX, valued at approximately $94.1 billion. Last week, Tesla unveiled a redesigned Roadster featuring rocket-style thrusters developed in collaboration with SpaceX. Musk described it as a “flying” car equipped with thrusters during a livestreamed event at SpaceX’s facility on Thursday. Musk revealed the new Roadster sports car during a launch event at a SpaceX test facility in Texas. The vehicle, designed to incorporate aerospace-inspired styling, features two seats and a Cybertruck-style steer-by-wire system. Tesla showed a video of the vehicle accelerating from zero to 60 miles per hour in under one second. The vehicle has been subject to numerous delays since it was first announced in 2017. The original Roadster, Tesla’s first product, was launched in 2008 and discontinued in 2012. Disclaimer: We advise investors to check with certified experts before making any investment decisions. Ksheera Sagar has been working as a Market Research Analyst at LiveMint for the past four years, covering stocks, commodities, and broader financial markets. In this role, he closely tracks daily market movements, corporate earnings, sector trends, and macroeconomic developments. <br><br> He has over a decade of experience in the financial services industry and has previously worked with multiple organisations, including global investment bank J.P. Morgan, bringing strong research experience into the newsroom. <br><br> During his career, he has gained extensive exposure to equity research, market analysis, and financial data interpretation, strengthening his expertise across asset classes and market cycles. <br><br> He is known for his data-driven analysis and crisp, listicle-style market stories that break down complex financial developments across key markets for a wide audience. His strong research skills enable him to write detailed and insightful stories on stocks and sectors, focusing on the underlying factors driving market movements. <br><br> His work combines quantitative insights with clear storytelling, presenting financial developments in a clear and structured manner. Moreover, he enjoys writing multibagger and listicle-style copies. Outside of work, Ksheera enjoys playing the piano and exploring new places. He has a keen interest in travel, music, and continuously learning about global markets and economic trends. Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates. Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.
document fetched 2026-10-20 02:51 · canonical https://livemint.com/market/stock-market-news/105-billion-worth-of-shares-spacex-boss-elon-musk-to-give-one-share-to-every-us-child-how-many-shares-does-he-own-11792411456791.html