Elon Musk promises one SpaceX share to every American child next year

Elon Musk announced on X that he will give one SpaceX share to every child in America next year, calling it the first of many. Roughly 70 million children would qualify, with the pledge totaling about $10.2 billion at the current $146.03 share price. The plan faces major hurdles as private shares carry transfer restrictions and minors would face practical and regulatory obstacles in holding private equity.