Elon Musk Pledges SpaceX Share to Every US Child, Totalling Over $10 Billion

Elon Musk announced plans to gift one personal SpaceX share to every child in the U.S. in 2027, potentially utilizing tax-advantaged "Trump Accounts." At SpaceX's recent closing price of $146.03, the distribution would transfer roughly 70 million to 74 million shares valued between $10.2 billion and $10.8 billion. The giveaway would come directly from Musk's personal holdings of roughly 4.8 billion shares, avoiding corporate dilution. Musk framed the move as direct wealth distribution after criticizing Anthropic's allocation of 5% of its equity to a public benefit fund. SPCX shares climbed 2.6% to $149.85 following the announcement.