Bloomberg estimates the giveaway would cost $10.5 billion — not out of reach for the world's richest man
Elon Musk said Monday (local time) that he plans to give every child in the United States one share of SpaceX next year, drawing wide attention.
"This will be the first of many things to come," Musk added in a post on X, formerly Twitter.
Bloomberg estimated that distributing one SpaceX share to every child in America would cost roughly $10.5 billion, based on the current share price of $146 and a US Census Bureau estimate of about 72 million children in the country.
Given the scale of Musk's fortune, the plan is not beyond the realm of possibility.
According to the Bloomberg Billionaires Index, Musk's net worth currently exceeds $900 billion.
The bulk of that — some $700 billion — comes from his SpaceX shareholdings.
Musk weighed in Sunday after Anthropic, an AI rival, announced it would place 5 percent of its shares into a public-benefit fund. "I would encourage giving shares directly to the public instead," he commented.
Bloomberg noted that Musk has a history of floating ideas that never materialize, or proposing plans he later describes as jokes, leaving open the possibility that this latest pledge may not come to fruition either.
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