President Trump has praised the billionaire’s generosity, saying the giveaway will give children a piece of the “American Dream”
Elon Musk has pledged to give every child in the United States a share of his SpaceX company next year, in a massive giveaway potentially worth more than $10 billion that has earned praise from President Donald Trump.
The world’s richest man, whose fortune is estimated at around $1 trillion, announced the initiative on Monday, saying it would be the beginning of a broader effort to distribute his wealth. The announcement comes as Musk deepens his political and financial support for Trump and the Republican Party ahead of November’s midterm elections.
“Next year, I will give one of my SpaceX shares to every kid in America,” Musk wrote on X. “This will be the first of many.”
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
With approximately 73 million children under 18 in the US and SpaceX shares closing at $147.97 on Monday, up 1.33%, the promised giveaway could be worth around $10.8 billion.
Trump enthusiastically welcomed the announcement, saying the shares would be distributed through government-backed investment accounts established under his administration.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
