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BackElon Musk: “Next year I will give a SpaceX share to every kid"
Elon Musk: “Next year I will give a SpaceX share to every kid"
NEWS
Sky TG241 hour agoBusiness1 min readItalyView original

Elon Musk: “Next year I will give a SpaceX share to every kid"

Quick Look

  • Donald Trump thanks Elon Musk on Truth for donating SpaceX shares to American children via Trump accounts.
  • Musk announces plans to give away a stock to every minor in the United States next year.

AI-generated summary

Why It Matters

Elon Musk has announced his intention to give SpaceX shares to American minors via Trump accounts.

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“A big thank you to our legendary friend, Elon Musk, for his incredible generosity in donating SpaceX stock to millions of American children through Trump accounts!” Donald Trump writes it on Truth

"Next year, I'm giving away one of my SpaceX shares to every kid in America. It will be the first of many." So on X Elon Musk. Musk, writes Axios which gives great prominence to the news, did not specify whether the term "kid" refers to all children under 18 or another category, nor did he clarify what he means by the expression "the first of many".

Musk owns billions of shares of SpaceX

According to the Census Bureau, there are just over 72 million people under the age of 18 in the US. If each of them received a share of SpaceX, at Friday's closing price (equal to $146.03), the market value would be just over $10.5 billion. Musk owns billions of shares of SpaceX; therefore, such a distribution would only minimally affect its share capital.

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“This is exactly what we envisioned when we created the Trump Accounts”

“A big thank you to our legendary friend, Elon Musk, for his incredible generosity in donating SpaceX stock to millions of American children through Trump accounts!” Donald Trump writes it on Truth. "This is exactly what we envisioned when we created the 'Trump Accounts': uniting the large private sector — with Elon and so many others — to invest in our children, who are by far our greatest and most important asset, and give every American child a part of the American dream. Thank you, Elon," the president adds.

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What to Watch

AI outlook — possibilities, not facts

  • Donating SpaceX Stock to Minors Next Year

    Possible · Within months

Open Questions

  • What age group does the term kid refer to?
  • What does Musk mean by the first of many?

Related Topics

This article was originally published by Sky TG24.

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