Elon Musk Said He Will Give One SpaceX Share ‘to Every Kid in America’ — a Giveaway That Would Amount to Over $10.5 Billion

By Todd Spangler

Todd Spangler

NY Digital Editor

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Is Elon Musk aiming to share a piece of his staggering wealth — or is he trying to build a new generation of investors in his SpaceX?

Early Monday, the tech mega-billionaire posted on X, “Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.”

Musk — the richest person in the world — didn’t explain how “every kid” in the U.S. would received one of his company shares. But it’s just a drop in the bucket of his overall wealth: Musk owns around 6.42 billion shares of SpaceX, which represents a 48.4% beneficial stake in the company. Overall, his net worth is currently estimated at $908 billion, according to Bloomberg.

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