$SPCX one share to every child in America
Elon Musk announced plans to give one share of SpaceX (SPCX) stock to every child in the United States next year.
Key Details of the Giveaway
• The Pledge: Musk committed to giving one SpaceX share to every child in America in 2027, writing on X that "this will be the first of many".
• Estimated Value: With roughly 70 to 73 million children under the age of 18 in the U.S. and SpaceX trading around $146 to $148 per share, the total value of the giveaway is estimated at approximately $10.5 billion to $11 billion.
• Distribution Vehicle: President Donald Trump and statements on X indicate the shares are expected to be deposited into government-backed Trump Accounts (Section 530A tax-advantaged savings accounts).
• Rules and Restrictions:
• Families cannot choose or refuse the SpaceX shares.
• Recipients and parents may face holding periods (such as a 5-year wait to cash out) and cannot opt out of the program once enrolled.
• The bulk of assets in Trump Accounts typically consists of low-cost exchange-traded funds (ETFs) alongside individual stock gifts.
Elon Musk announced plans to give one share of SpaceX (SPCX) stock to every child in the United States next year.
Key Details of the Giveaway
• The Pledge: Musk committed to giving one SpaceX share to every child in America in 2027, writing on X that "this will be the first of many".
• Estimated Value: With roughly 70 to 73 million children under the age of 18 in the U.S. and SpaceX trading around $146 to $148 per share, the total value of the giveaway is estimated at approximately $10.5 billion to $11 billion.
• Distribution Vehicle: President Donald Trump and statements on X indicate the shares are expected to be deposited into government-backed Trump Accounts (Section 530A tax-advantaged savings accounts).
• Rules and Restrictions:
• Families cannot choose or refuse the SpaceX shares.
• Recipients and parents may face holding periods (such as a 5-year wait to cash out) and cannot opt out of the program once enrolled.
• The bulk of assets in Trump Accounts typically consists of low-cost exchange-traded funds (ETFs) alongside individual stock gifts.