Elon Musk Pledges $10.7 Billion in SpaceX ($SPCX) Shares to American Children

Barchart·10/19/2026 16:26:27

Elon Musk announced Monday, October 19, that he plans to give one share of SpaceX ($SPCX) to every child in the United States next year. With approximately 73 million Americans under age 18 and SpaceX shares last trading near $146, the proposed distribution would be worth roughly $10.7 billion. Musk has not provided details on eligibility or how the shares would be distributed.

• Musk wrote on X: "Next year, I will give one of my SpaceX shares to every kid in America."
• He added that the distribution would be "the first of many," without specifying additional plans.
• SpaceX went public in June 2026 and has a reported market valuation of approximately $2 trillion.
• The announcement followed Anthropic's pledge to allocate at least 5% of its shares, valued at approximately $48 billion, to a Public Benefit Fund.
• Anthropic said its fund could support nonprofit organizations and direct payments to populations affected by artificial intelligence.
• Musk had previously suggested that Anthropic distribute shares directly to the public.

Relevant Companies

• SpaceX ($SPCX) - Musk's proposed distribution would transfer approximately 73 million shares to American children if implemented as described.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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