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The Economic Times
The Economic Times
National

Elon Musk pledges one SpaceX share for every American child; it could cost him just 1% of his fortune

Billionaire entrepreneur Elon Musk said on Monday that he plans to give one SpaceX share to every child in the United States next year. In a post on social media platform X, the SpaceX chief executive described the move as the first of several such initiatives. "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many," Musk wrote.

Musk did not provide details about how the proposed distribution would work, including the eligibility criteria, timeline, regulatory requirements or whether the shares would be transferred directly to children or held through a trust.

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