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.