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Elon Musk Plans to Give SpaceX Stock to Every Child in the US

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SPCX$147.37 −0.40%DELL$463.69 1.81%

Space Exploration Technologies Corp. (SPCX) Chief Executive Elon Musk announced plans to donate one share of his personal SpaceX stock to every child in the United States next year. The gifts will be delivered through tax-advantaged accounts set up for American citizens under age 18. Musk described the initiative as the first of multiple similar actions.

The move expands on a growing trend of major corporate leaders contributing private assets to youth investment accounts, which now cover nearly 70 million young Americans. Musk holds a 48.4 percent stake in SpaceX with roughly 85 percent of the voting power across multiple stock classes. Other major contributors to the program include Dell Technologies Inc. (DELL) founders Michael and Susan Dell, as well as SpaceX President Gwynne Shotwell.

Investors will watch for upcoming regulatory filings to clarify which class of shares Musk plans to distribute and how the transfer will affect his overall voting control. Meanwhile, SPCX stock fell 1.74 percent to $146 in recent trading, while DELL shares declined 4.58 percent to $451.70.

Key points

  • Elon Musk plans to give one share of SpaceX stock to every U.S. child next year through youth tax-advantaged accounts.
  • Musk holds a 48.4 percent stake in Space Exploration Technologies Corp. and controls about 85 percent of voting power.
  • The stock gift builds on contributions from other leaders, including Dell Technologies founders and SpaceX executives.
  • Musk has not yet specified which class of common stock will be distributed to eligible children.

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Questions and answers

How many SpaceX shares will Elon Musk give to American children?

Elon Musk announced plans to give one share of SpaceX stock to every child in the United States next year through tax-advantaged youth investment accounts.

Which class of SpaceX stock is Elon Musk giving away?

Musk has not yet clarified which class of shares he will provide from his personal holdings, which include Class A and Class B shares.

How much of SpaceX does Elon Musk own?

Elon Musk holds a 48.4 percent stake in Space Exploration Technologies Corp. and controls approximately 85 percent of the company voting power.