Musk vows to gift every US kid a share of SpaceX

President Trump has praised the billionaire’s generosity, saying the giveaway will give children a piece of the “American Dream” Elon Musk has pledged to give every child in the United States a share of his SpaceX company next year, in a massive giveaway potentially worth more than $10 billion that has earned praise from President Donald Trump.The world’s richest man, whose fortune is estimated at around $1 trillion, announced the initiative on Monday, saying it would be the beginning of a broader effort to distribute his wealth. The announcement comes as Musk deepens his political and financial support for Trump and the Republican Party ahead of November’s midterm elections.“Next year, I will give one of my SpaceX shares to every kid in America,” Musk wrote on X. “This will be the first of many.”Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.— Elon Musk (@elonmusk) October 19, 2026With approximately 73 million children under 18 in the US and SpaceX shares closing at $147.97 on Monday, up 1.33%, the promised giveaway could be worth around $10.8 billion.Trump enthusiastically welcomed the announcement, saying the shares would b...