News
Musk Promises to Give Every American Child a Share in SpaceX
Tech billionaire Elon Musk has announced plans to give every child in the United States a share in his space exploration company, SpaceX, starting next year.
Musk, widely regarded as the world’s richest man, made the announcement on Monday through a post on his social media platform, X.
“Next year, I will give one of my SpaceX shares to every kid in America,” he wrote.
He added that the proposed initiative would be the first of several similar programmes, but did not provide details on how the shares would be distributed or the conditions children would need to meet to benefit.
According to 2024 data from the United States Census Bureau, the country has approximately 73 million children under the age of 18. If implemented as announced, the plan could involve a substantial number of shares.
Forbes estimates that Musk owns about 38 per cent of SpaceX, the aerospace company known for developing rockets and spacecraft for commercial and government missions.
The announcement comes weeks after US President Donald Trump promised to give every American adult $5,000 if his Republican Party retains control of Congress in the November midterm elections.
However, Musk has yet to explain the financial arrangements, eligibility requirements or timeline for distributing the proposed SpaceX shares to children.
SpaceX reportedly made history in June after raising $85.7 billion through its initial public offering (IPO), making it the largest IPO ever recorded.
The company also achieved a major milestone in September when its Starship mega-rocket reached orbit for the first time. The rocket is central to Musk’s long-term ambition to establish a human presence on Mars.
If Musk’s proposed giveaway goes ahead, it could provide millions of American children with a direct financial stake in one of the world’s most prominent space technology companies.
READ ALSO:
EPL: Carragher predicts winners of Chelsea vs Tottenham, Man United vs Bournemouth, Arsenal, Liverpool, others
We Will Not Be Killing One Another – Wike Tells Tinubu’s Supporters What To Learn From His Rainbow Coalition
INTELLIGENCE SOURCES REPORT LARGE NUMBERS OF ARMED FULANI MILITIAS MOVING FOR POSSIBLE FURTHER ATTACKS AS 15 REPORTEDLY KILLED IN BINNARI, TARABA STATE
EXCLUSIVE: Herbert Wigwe’s Daughter Otutochi Drags His Struck Off British Virgin Islands Company To Court To Sell The $6.5 Million Luxury Yacht Chitochi, Its Only Asset
Metallurgical Institute Onitsha Faces ₦472.5m Investigation Queries Over Inventory, Mobilisation Payments
Otunba Senator Gbenga Daniel Toasts 25 Years of Gateway Front Foundation as US Doctors Deliver 300 Free Surgeries in Ogun
Benue Governor Rev. Father Hyacinth Alia Awarded N2.5 Billion In School Contracts And Five Of The Nine Winning Companies Appear Nowhere In The Public Record Outside The State’s Own Award List
Opuama Secondary School In Ruins: Youth Leader Appeals To Diri, Education Commissioner For Urgent Intervention
‘Fayose twerking for Wike’s children’ — Nigerians react to photo with minister’s son despite support for Peter Obi
“Tinubu Must Come” Supporters Clash With “Tinubu Must Go”— INEC Warns As Violence, Threats Spread Ahead Of 2027 Elections
Tinubu Blames Opposition For Hunger As Over 133 Million Nigerians Live In Poverty
Transfer: Bayer Leverkusen chief addresses Boniface’s transfer speculation
Ignore Social Media, Nigerians Will Re-Elect Tinubu In 2027 – Information Minister
INTELLIGENCE SOURCES REPORT INFLOW OF BOKO HARAM TERRORISTS INTO GWOZA, WARN OF POSSIBLE FURTHER ATTACKS AFTER FAILED IDP CAMP ASSAULTS
Mother, child killed as two container trucks overturn in Lagos
NDLEA arrests South African woman, US-based grandma with large cocaine, loud shipments
Peace Institute Paid ₦456 Million With No Supporting Documents, Awarded Contrctas To Staff Against Code of Conduct
Fans berate popular Plateau gospel artiste over song calling Remi Tinubu ‘mother of poor’
South African woman, US-based grandma arrested with large cocaine, loud shipments
Ballon d’Or 2026: ‘Statistically he should win it’ – Martin Keown names award winner
Politics6 days agoTHE WEEK: Islamist Jihadists Burn Evangelist Alive in Adamawa, Kidnap Catholic Priest in Benue, Strike Bases
- Metro4 days ago
“Millions Allegedly Collected For Undelivered Projects” — EFCC Arrests Innocent Ezuma Over $120m Ukrainian Investor Fraud
- Special Report6 days ago
Dangote refinery IPO attracts investors from 51 African countries
- News7 days ago
Gov. Dauda Lawal Spent N14.6 Billion On Official Vehicles In One Year From A Vote Approved At N3.1 Billion
- Politics5 days ago
APC Offering Bribes To Our Candidates To Defect – NDC
- News6 days ago
Investigation: How SEEPCO Chairman Anthony Chukwueke And Fugitive Owner Nitin Sandesara Ran A 150-Company Shell Network That Turned $5 Million Wells Into $14 Million Invoices And Bought Silence Inside Nigeria’s Top Regulatory Agencies – Part Four
- Metro2 days ago
Security Tightened In Kaduna Ahead Of Tinubu’s 2027 Campaign Flag-Off — Operatives Guard Posters, Billboards
- Viral7 days ago
NUPRC OIL BLOCK SCANDAL: NIGERIA PROGRESSIVE MOVEMENT FIXES OCTOBER 30 FOR PROTEST, TO MARCH ON NATIONAL ASSEMBLY, EFCC, ICPC
