Elon Musk pledges 1 SpaceX share worth $150 to every U.S. child

Elon Musk, the world's wealthiest person with a net worth of $908.5 billion, vowed on Monday to give every child in the United States a share of stock in aerospace giant SpaceX. SpaceX, the private rocket and satellite company where Musk serves as founder and CEO, boasts a valuation of nearly $2 trillion. A single share of the company was worth about $150 as of Monday morning, according to ABC News. "Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many," Musk wrote in a post on X. The latest U.S. Census data estimates about 73 million people under age 18 live in the country. Using that headcount and the current share price, the massive giveaway would total nearly $11 billion, amounting to about 1.2% of Musk's total wealth. Yet the billionaire left out crucial logistics, providing zero details on how or when the shares would actually reach millions of minors or what age cutoff might apply. Meanwhile, rival tech firms are rolling out their own massive public benefit pledges as artificial intelligence reshapes the economy. Anthropic recently announced a Public Benefit Fund holding 5% of the company's shares to address worker instability, while OpenAI operates a philanthropic foundation committing $1 billion to economic and community programs. For your own family, the promise means keeping an eye on whether federal regulators or SpaceX lawyers can turn a social media post into a real transfer at the kitchen table. Free stock for every kid sounds great until you realize your toddler has no idea what a brokerage account is.