Elon Musk plans to give every American child a SpaceX share in 2027

NEW YORK: Rocket billionaire Elon Musk plans to turn tens of millions of American toddlers and teenagers into venture capitalists overnight.

In an early-morning post on social media platform X, chief executive officer of Tesla Inc Elon Musk declared that every child in the United States will be handed a single share of his private aerospace titan, SpaceX, come 2027. The sweeping gesture, billed as the opening salvo in a broader series of equity distributions, could potentially transfer a staggering $10.5 billion tranche of stock into tiny hands.

“Next year, I will give one of my SpaceX shares to every kid in America,” wrote chief executive officer of Tesla Inc Elon Musk, firing off the announcement to his hundreds of millions of followers. He swiftly added that the distribution would be “the first of many”.

The astonishing pledge follows hard on the heels of AI rival Anthropic announcing a 5 per cent stake reservation for public-good initiatives, a move chief executive officer of Tesla Inc Elon Musk publicly brushed aside in favour of bypass-the-middleman equity gifts straight to citizens.

Yet navigating the practicalities of handing tightly held private shares to roughly 73 million minors remains a legal and regulatory minefield. Because SpaceX is privately owned, share transfers are strictly governed by corporate bylaws, transfer restrictions, and complex custodial rules for underage holders. Neither chief executive officer of Tesla Inc Elon Musk nor SpaceX leadership has yet clarified whether eligibility extends beyond US citizens, how registration will function, or how tax burdens on the gifted shares will be managed.

Undeterred by logistical friction, the tech mogul appears set on embedding rocket-fuelled wealth directly into the next generation. Should the audacious scheme clear regulatory hurdles, millions of American kids will find themselves holding a literal piece of the cosmos before they even reach high school.