A very logical explanation for Elon Musk’s decision to allocate one share of $SPCX to every American child.
The grant would reportedly come with a restriction preventing the shares from being sold until the child turns 18.
That means the shares could remain locked up for years, reducing the freely tradable supply and potentially increasing the company’s share value.
The donation could also qualify as charitable giving, potentially reducing his tax burden significantly.
The grant would reportedly come with a restriction preventing the shares from being sold until the child turns 18.
That means the shares could remain locked up for years, reducing the freely tradable supply and potentially increasing the company’s share value.
The donation could also qualify as charitable giving, potentially reducing his tax burden significantly.