AI Image
Elon Musk says he's giving SpaceX stock to every kid in America
Yahoo Finance • • general
Key Points:
- Elon Musk announced plans to give one SpaceX share to every child in America starting next year, aiming to involve kids financially in the future of space exploration.
- The age range for the gift was not specified, but Bloomberg suggests Musk may use Trump Accounts as the mechanism for these stock donations.
- SpaceX stock increased by 1% in morning trading following the announcement.
- There are approximately 73 million children under 18 in the US, with around 18.5 million aged newborn to 4 years, providing a large potential recipient base.
- SpaceX COO Gwynne Shotwell has pledged over $320 million in SpaceX stock to fund Trump Accounts for more than 2 million children.
