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International Business Times UK
International Business Times UK
Technology
Regyl Jaen

Musk Said His Kids Wouldn't Automatically Get Company Shares; Now He Promises SpaceX Stock to All US Children

Musk’s promise to millions of children renews scrutiny of his opposition to automatically giving his own kids company shares. (Credit: Daniel Oberhaus/Wikimedia Commons CC BY-SA 4.0)

Elon Musk has pledged to give every child in America one SpaceX share in 2027, years after saying he opposed automatically giving his own children company shares if they lacked the interest or ability to manage them.

The proposed giveaway could be worth up to $10.7 billion, based on SpaceX's closing share price of $146.03 on 16 October. However, Musk has yet to specify the eligibility criteria or explain how the shares would be distributed.

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