Elon Musk announced that he intends to give one share of SpaceX stock to every child in America next year. In a post on X, Musk stated, "This will be the first of many" stock donations. The exact age range for the recipients has not been specified. According to a Bloomberg report, Musk may utilize Trump Accounts for the distribution of these shares.
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In morning trading on Monday, SpaceX stock saw a 1% increase. The latest data from the Census Bureau indicates there are approximately 73 million children under 18 in the United States, with roughly 18.5 million of those aged newborn to 4 years old.
Additionally, SpaceX COO Gwynne Shotwell has committed a personal donation of over $320 million in SpaceX stock to support Trump Accounts aimed at benefiting more than 2 million children.