Elon Musk announces free distribution of SpaceX shares to children in the US

Elon Musk announces free distribution of SpaceX shares to children in the US
Elon Musk announces free distribution of SpaceX shares to children in the US

Billionaire's new plan

Renowned American entrepreneur Elon Musk published a post on the social media platform X. He stated that he intends to transfer his SpaceX company securities to every child in the US as early as next year.

«Наступного року я подарую по одній своїй акції SpaceX кожній дитині в Америці» ("Next year, I will gift one of my SpaceX shares to every child in America"), Musk emphasised in his post.

Financial scale of the initiative

Business Insider calculated the cost of this initiative. If the promise is fulfilled, approximately 72 million people will be recipients. At current market prices, the total value of such gifts will reach approximately $10.5 billion.

Context and implementation details

So far, Musk has not provided specific details regarding the mechanism for distributing the shares or who will be entitled to receive them. His pledge echoes the "Trump Accounts" initiative by the administration of US President Donald Trump, which provides some children with investment accounts and a federal starting deposit of $1,000.

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