Billionaire Elon Musk says he’ll give every kid in America shares of SpaceX next year—it’ll add up to over $10 billion in stock
Source: Fortune ·
Despite questioning if money will even matter in the future, Elon Musk is giving every U.S. kid a slice of his SpaceX fortune.
From the source
Elon Musk, the richest person in the world, said that he’ll give every U.S. kid a slice of his SpaceX fortune. And if he follows through on the promise, the entrepreneur would be shelling out over $10 billion to America’s children. “Next year, I will give one of my SpaceX shares to every kid in America,” Musk wrote in a recent X post. “This will be the first of many.” The 55-year-old worth $904 billion currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. (When considering his unvested awards and stock options, the number rises to 6.4 billion.) That means that America’s roughly 72 million children under the age of 18 would each get one share currently worth $146.03, per SpaceX’s closing stock price on Friday. In total, kids in the U.S. would receive a whopping $10.5 billion worth of the aerospace company’s stock. And that eye-popping giveaway would barely dent his holdings—giving away 72 million shares would lower Musk’s SpaceX share count by just 1.5%.…