Latest / Investopedia Markets News (all except PF)
Elon Musk Says He Will Give One of His SpaceX Shares to Every Child in the US
Elon Musk’s SpaceX and Tesla report earnings this week.
Credit: Win McNamee / Getty Images
Key Takeaways
SpaceX CEO Elon Musk said on social media that he plans to give one of his shares to every child in the U.S.
The proposed gift would be worth more than $10 billion at recent prices.
SpaceX CEO Elon Musk said on social media early Monday that he plans to give one of his shares “to every kid in America” next year, and that the gift would be “the first of many.”
Musk has voting power over about 6.42 billion SpaceX (SPCX) shares, or just under half of the company’s shares, though the CEO…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.