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.
(SPCX )
147.74 +1.71 (+1.17%)
As of 10:01:40 AM EDT. Market Open.
There are currently about 73 million children under 18 living in the US, according to the latest Census Bureau data. 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 more than $320 million in SpaceX stock to fund Trump Accounts for more than 2 million children.
Brian Sozzi is Yahoo Finance’s Executive Editor, host of the Sozzi Unleashed morning show and 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.
Click here for in-depth analysis of the latest stock market news and events moving stock prices
Read the latest financial and business news from Yahoo Finance
