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Initial Public Offering

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Musk Pledges One SpaceX Share to Every American Child Next Year

Elon Musk announced on X that he plans to give one SpaceX share to every child in America starting next year, calling it 'the first of many' such gestures. SpaceX shares, which began trading publicly in June after a record IPO, closed around $146 on Friday, making the pledged giveaway worth roughly $10.7 billion based on Census Bureau estimates of about 73 million Americans under 18. Musk did not detail how the shares would be distributed or who would qualify.