Elon Musk Wants Every American Kid to Own a Piece of SpaceX
At a Glance
- Musk says he’ll give one SpaceX (SPCX) share to every kid in America next year
- He calls it “the first of many”
- About 73 million Americans are under 18
- SPCX traded 1% higher in premarket on Monday
A gift this big could put millions of young Americans on the shareholder list of one of the most-watched companies in the world.
Elon Musk just made a big promise on X. Next year, he says, he will give one of his SpaceX shares to every kid in America. He added that this is only the first of many.
Key Details
Musk posted the pledge on Monday. He gave no age range for who would get a share.
The Census Bureau counts about 73 million children under 18 in the US. About 18.5 million of them are newborns up to 4 years old.
Musk isn’t the first SpaceX leader to give. COO Gwynne Shotwell has already pledged over $320 million in SpaceX stock to fund Trump Accounts for more than two million children.
Market Reaction
SPCX closed Friday at $146.03, down 1.74%. In premarket trading Monday, it rose to $147.49, up 1%.
Why It Matters
Headlines from Musk can move sentiment fast, and this one puts SpaceX in front of a whole new generation of future investors. Still, the details are thin. There is no age limit and no date beyond “next year.”
Musk’s stake of about 6.4 billion shares stays locked until June 2027, so it will be worth watching how he plans to deliver.
Look for the rules on who qualifies and when shares go out. Keep an eye on SPCX as more lockup releases roll in, with the next tranche due Oct. 24.
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Source: Yahoo Finance
