Next year, Elon Musk promises to give every child in the US a SpaceX share worth $10.5 billion total
A large planned giveaway
Musk, who leads SpaceX and Tesla, said the share distribution would start next year. The plan would reach around 72 million US children, based on figures from July 2025.
CNBC put the estimated value of the shares at about $10.5 billion. Musk wrote on X that this would be “the first of many,” without further details in the report.
Other contributions for children
SpaceX president Gwynne Shotwell previously said she would give shares from her own SpaceX holdings to 2 million Trump Accounts. These are tax-advantaged investment accounts for American children.
Dell’s founder contributed $6.25 billion to Trump Accounts, while Micron announced a $250 million investment. The article does not specify how these contributions compare with Musk’s proposed plan.
Political donations also noted
Musk has also made substantial donations tied to Republican midterm election efforts. In September, he gave $158 million to the Senate Leadership Fund PAC. CBS News reported that Musk’s contribution represented more than half of the super PAC’s receipts for the third quarter of the year. He also put $76 million into America PAC, which he founded in 2024.
Key points
- Musk says he plans to give one SpaceX share to every US child starting next year.
- CNBC estimates the proposed distribution would total about $10.5 billion in shares.
- Gwynne Shotwell announced shares for 2 million Trump Accounts; Dell and Micron also announced contributions.
- Musk donated $158 million to the Senate Leadership Fund PAC and $76 million to America PAC.