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Elon Musk says he will give every US child a SpaceX share

Published

Musk announced on X on Monday that he will give one of his SpaceX shares to every child in America next year. He called it the first of many such gifts, and US President Donald Trump thanked him publicly.

Musk wrote on X: "Next year, I will give one of my SpaceX shares to every kid in America". He has not yet given details on how the gift will work. Trump thanked him in a written post and linked the gift to Trump Accounts.

Trump said the gift is exactly what was envisioned when Trump Accounts were created. SpaceX listed on Nasdaq in June 2026, and its market value is now nearly $2-trillion.

SEC filings show Musk holds 6.42-billion SpaceX shares, a beneficial stake of 48.4%. The share price is reported at $146 to $148. About 72 to 73-million children under 18 live in the US.

One outlet estimated the total cost at $10.5bn to $10.7bn, based on the reported share price and the number of children.

Key facts

Who
Elon Musk (South African-born entrepreneur, world's richest person, SpaceX owner…); Donald Trump (President of the United States, publicly thanked Musk); SpaceX (aerospace company whose shares would be gifted)
What
Musk announced on X that he will gift a SpaceX share to every American child next year, which he called the first of many such gifts. Trump publicly thanked him, and Musk has not yet given operational details.
When
19 October 2026
Where
United States
Status
Reported

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