Elon Musk wants to give every American kid a piece of SpaceX. History shows what happens when millions become shareholders overnight.
Source: Business Insider ·
President Donald Trump said the over $10 billion giveaway to roughly 72 million American children would be transferred via Trump Accounts.
From the source
Elon Musk says he'll give every child in the US a piece of his space company, SpaceX.Kent NISHIMURA / AFP via Getty ImagesElon Musk said he's going to give every child in the US a share of his space company, SpaceX.That would amount to $10.7 billion, based on SpaceX's stock price and the 72 million US children.Governments and billionaires have previously explored ways to spread corporate ownership.Christmas came early: Elon Musk wants American children to own stock in his space company, SpaceX, next year.Musk wrote on X around 1 a.m. Monday that he planned to make the donation next year — "the first of many," he said. SpaceX went public this summer.Giving one share to each of the estimated 72 million US children would cost roughly $10.7 billion at SpaceX's closing price of $147.92 on Friday. Musk's 4.77 billion SpaceX shares were worth about $706 billion at that price, so the gift would reduce his holdings by about 1.5%.President Donald Trump said on Truth Social on Monday that the…