Story perspectives

Musk to Give SpaceX Shares to 72 Million U.S. Children

By Drooid · Oct 26, 2026, 9:59 PM UTC · How we work

Summary

Story summary

Elon Musk, SpaceX CEO, will give one SpaceX share to every U.S. child in 2027.
The pledge covers about 72 million minors, valued at roughly $10.6 billion at $147.49 per share on Oct. 23.
Musk owns 6.4 billion A shares and 3.9 billion B shares, enabling the gift without new issuance.
Using about 1.8 % of his B shares would meet the promise, costing roughly $12 billion today.
Experts say the giveaway may use U.S. President Donald Trump accounts, which require a charitable conduit and five-year holding limits.

History

Historical Context

After Warren Buffett pledged in June 2006 to give away 85 % of his Berkshire Hathaway stock—later formalized in the 2010 Giving Pledge with Bill Gates—billionaires have increasingly used equity to fund charity. Elon Musk’s 2027 plan to grant one SpaceX share to every U.S. child follows that precedent, prompting SEC attention and shaping future wealth-redistribution models.

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Story summary

Elon Musk, SpaceX CEO, will give one SpaceX share to every U.S. child in 2027.
The pledge covers about 72 million minors, valued at roughly $10.6 billion at $147.49 per share on Oct. 23.
Musk owns 6.4 billion A shares and 3.9 billion B shares, enabling the gift without new issuance.
Using about 1.8 % of his B shares would meet the promise, costing roughly $12 billion today.
Experts say the giveaway may use U.S. President Donald Trump accounts, which require a charitable conduit and five-year holding limits.

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