Kids will soon have a financial interest in the future of space.
“Next year, I will give one of my SpaceX (SPCX) shares to every kid in America. This will be the first of many,” SpaceX founder and CEO Elon Musk said in an X post on Monday.
Musk didn’t specify an age range for the proposed gift.
SpaceX stock rose 1% in premarket trading on Monday.
146.03 -2.59 (-1.74%)
At close: October 16 at 4:00:00 PM EDT
147.66 +1.63 (+1.12%)
There are currently about 73 million children under the age of 18 living in America, according to the latest data from the Census Bureau. That number goes down to about 18.5 million for newborns up to 4 years old.
SpaceX COO Gwynne Shotwell has already pledged a personal donation of over $320 million in SpaceX stock to fund Trump Accounts for more than two million children.
Brian Sozzi is Yahoo Finance’s Executive Editor, host of the Sozzi Unleashed morning show, the ‘Power Players With Brian Sozzi’ podcast and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.
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