Elon Musk says he'll give a SpaceX share to every child in America next year

SpaceX CEO Elon Musk said Monday that he'll give every child in the U.S. one of his shares in the company next year. Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when taking into account unvested awards and stock options, representing a 48.4% beneficial stake in the company.There were 72 million children under 18 in the U.S. as of July 1, 2025, according to official census data.That would amount to the CEO giving away about $10.5 billion worth of shares, taking into account SpaceX's closing stock price of $146.03 as of Friday."This will be the first of many," Musk said in a post on X, without providing further details on how the share giveaway would happen.CNBC has reached out to SpaceX for further comment.Musk's financial giving has been in the news in recent weeks primarily for his political contributions.The Tesla CEO has spent more than $276 million in donations to Republican groups since July, making him the biggest known donor of the 2026 midterm election. The world's richest person poured $158 million into the Senate Leadership Fund, the Republican Party's leading Senate super PAC, in September throu...