Musk holds about 4.8 billion shares, a figure that rises to 6.4 billion when including unvested awards and stock options, for a 48.4% beneficial stake per an August SEC filing. This pledge follows efforts by competitor Anthropic to allocate shares for the public benefit. Musk described the gift to American children as the first of many distributions he intends to make.
Tuesday, October 20, 2026
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Musk Pledges $10.5B in SpaceX Shares to Every Child in US
Business1 day ago
Elon Musk plans to transfer a single personal share of his rocket company to the roughly 73 million minors in the United States in 2027. The transfers will be managed through Invest America Trump Accounts for children under 18 who hold a Social Security number. Based on a recent closing price of $146.03 per share, the gift is valued at approximately $10.5 billion, which represents roughly 1.5% of Musk's current stake in the aerospace firm.
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