Switch to seedless. Get 30% off with SWITCH30 till Oct 19Elon Musk to gift SpaceX shares to every US child
6.9 Investments Elon Musk plans to give one SpaceX share to every US child next year, a move worth over $10 billion. Each share may include a small amount of bitcoin. Details on eligibility and distribution are still unclear.
Elon Musk announced on October 19 that he plans to give one SpaceX share to every child in the United States next year, targeting an estimated 70 to 74 million minors. The total value of this initiative is projected at approximately $10.5 to $10.8 billion, based on a share price of about $146, though the final amount may vary depending on the actual share price at the time of distribution. Musk described this as the first in a series of similar initiatives. Some reports suggest that each share may also include a small portion of SpaceX’s bitcoin holdings, estimated at around 140 satoshis per share. Details regarding eligibility, the distribution process, and the timeline remain unclear. The announcement follows a similar pledge by SpaceX President Gwynne Shotwell to gift shares to over two million low-income teens. The move has drawn comparisons to crypto airdrops due to its broad, coordinated distribution to millions of recipients.
