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Business & Finance · October 19, 2026

Elon Musk says he'll give every child in America a share in SpaceX

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Elon Musk announced on social media that he intends to gift one SpaceX share to every child in the United States starting in 2027. Based on current census data and market valuations, the pledge would involve approximately 72 million children and shares valued at over $10 billion. The announcement follows a similar commitment from Anthropic to dedicate 5% of its shares to a public benefit fund, which Musk critiqued by advocating for direct public distribution. While specific distribution methods were not detailed, outlets noted the existence of the government's 'Trump Accounts'—tax-advantaged investment vehicles for children—which have already received major donations from other tech executives.

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Reported by multiple outlets

  • Elon Musk announced a plan to give one SpaceX share to every child in America in 2027.
  • Musk stated this would be the 'first of many' such gifts.
  • The estimated value of the giveaway is approximately $10.5 billion based on recent stock prices.
  • There are roughly 72 million children in the U.S. according to census data.
  • Musk's announcement came shortly after Anthropic announced a 5% share commitment to a public benefit fund.
  • Musk is the largest shareholder of SpaceX.

Reported by only some outlets

  • SpaceX recently went public, an event that briefly made Musk the world's first trillionaire.
  • SpaceX President Gwynne Shotwell previously pledged $320 million in shares to 2 million children via Trump Accounts.
  • Musk has donated over $276 million to Republican groups for the 2026 midterms.
  • The 'Trump Accounts' program allows for tax-free stock donations and provides a $1,000 government seed for eligible children.
  • The Musk Foundation is the fifth-largest private charitable foundation in the U.S.

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