Musk to give every child in America a SpaceX share:7.2 crore children in the country; shares worth ₹1 lakh crore to be distributed

Elon Musk, the world’s richest businessman, will gift every child in America a share of his rocket-making company, SpaceX, next year. Musk announced this on his social media platform, X, on October 19th.
Currently, one SpaceX share is worth $146, or about 14,000 rupees. There are approximately 72 million children in America. Consequently, the value of the shares to be distributed would be 1 trillion rupees. However, the process for delivering this to millions of children will be unknown. Musk or his company has not yet provided any information on this. It is not clear which children will be eligible. Musk refers to “every child in America” ​​in his post, but there are several caveats to this: Questions about selling or transferring
Another big question is how the shares will be transferred to the children. Will the shares be held directly in the child’s name, or will they remain in the parents’ account until the child reaches adulthood? The company also did not say whether the children or their parents would be able to sell the shares whenever they wanted, or whether it could be transferred to someone else’s name. Musk owns 6.42 billion shares in SpaceX, worth ₹80 lakh crore According to a regulatory filing, Musk holds a 48.4% stake in SpaceX as of June 30, 2026. At the time of the report, the total value of this stake was approximately $860 billion, or approximately Rs 80 lakh crore. Musk said he will make more announcements in the future
In his post, Musk stated that this is just the first of many plans. This suggests that he may make more significant announcements in the coming days. However, he did not provide a timetable for his remaining plans or when he will reveal them. How do minors get shares? In the US, custodial accounts are opened to hold shares in the names of children under the age of 18. In these accounts, the parent or guardian retains full responsibility until the child reaches the age of majority. Discussion on the political impact of Musk’s announcement, midterm elections on November 3 1. Musk is helping Trump’s party Midterm elections are to be held in the US on November 3, 2026. Musk has already spent approximately $366 million to help the Republican Party. The political implications of his major announcement are being debated, but there is no evidence that Musk made this announcement to gain electoral advantage. Meanwhile, SpaceX President Gwynne Shotwell and her husband have pledged to deposit SpaceX shares into the accounts of more than 2 million children. Musk’s announcement also comes during this time. 2. The Trump administration will also deposit money into children’s accounts. The Trump administration has also launched “Trump Accounts” for children. Under this scheme, the government will deposit a lump sum of $1,000 into the accounts of children who meet certain criteria. Children born between January 1, 2025, and December 31, 2028, will benefit from the scheme. Space sector changed through reusable rockets Elon Musk founded SpaceX in 2002. On May 31, 2020, SpaceX launched the world’s first private human spaceflight mission. This mission carried two astronauts, Robert Behnken and Douglas Hurley, to space.
Musk’s company has developed reusable rocket technology, making satellite launches and other space missions affordable.