https://www.cnbc.com/2026/10/19/elon-musk-spacex-shares-giveaway-kids.html
SpaceX boss Elon Musk said Monday that he’ll give every child in the U.S. one of his shares in the company next year.
Musk currently owns about 4.8 billion SpaceX shares, according to an August SEC filing. That figure rises to 6.4 billion when taking into account unvested awards and stock options, representing a 48.4% beneficial stake in the company.
“This will be the first of many,” Musk said in a post on X
I am curious on how this transfer would occur. Is every kid going to have to KYC and setup a brokerage account?
Didn’t notice this was already posted, I’ll take it down to avoid duplicating. Thanks for sharing
I’m curious if people will be allowed to immediately sell the shares.
Sure! And I’ll be right there to buy them!
Jumping car, shares for kids… Elon Musk has turned the spectacular announcement into his business model, and he probably knows the shares-for-children idea is a legal mess, the headline is the product
I suppose that’s one way to UBI…
The figured out something for Trump accounts. But yeah anything with tradi fi is KYC.
Why I found it a glaring contradiction these no-KYC bros start VC funds 😂