# Musk to give one SpaceX share to every US child next year, worth about $10.5 billion

Source: Searchable (https://searchable.pk/news/us/musk-to-give-one-spacex-share-to-every-us-child-next-year-worth-about-dollar105)
Type: News article
Author: Searchable Editorial
Published: 19 Oct 2026
Updated: 19 Oct 2026
Retrieved: 19 Oct 2026

> At Friday's price of $146.03, each child would get a share worth roughly Rs 40,400. Musk gave no details on how it would work.

**Elon Musk said on Monday 19 October that he will give one of his SpaceX shares to every child in the United States next year.** With about 72 million Americans under 18 and SpaceX stock closing at $146.03 on Friday, the gift would be worth roughly **$10.5 billion**, [CNBC calculated](https://www.cnbc.com/2026/10/19/elon-musk-spacex-shares-giveaway-kids.html). "This will be the first of many," Musk wrote on X, without saying how the shares would be handed out, when, or to whom exactly.

## The numbers

- **Musk's holding:** about 4.8 billion SpaceX shares, according to an August SEC filing, or 6.4 billion including unvested awards and options, a 48.4% beneficial stake.
- **Children in the US:** 72 million under 18 as of 1 July 2025, according to Census figures.
- **The gift:** 72 million shares is about 1.5% of the shares he owns outright.
- **One share in rupees:** at Friday's close and today's interbank rate, about **Rs 40,400**. Check the current rate on our [USD to PKR page](/data/usd-pkr).

## Why now: Anthropic's 5% fund

The announcement came a day after Anthropic said it would commit 5% of its shares to a new public benefit fund, adding 2% more for every 50% rise in its value above a baseline it has not yet disclosed, subject to shareholder approval. Under Anthropic's post on X, Musk replied: "I recommend giving the shares directly to the public," adding that this is what he would do. Our [report on Anthropic's fund](/news/ai/anthropic-puts-5percent-of-its-shares-in-a-public-benefit-fund-2percent-more-per) has the detail of that plan.

## What is still unknown

- How a share would reach a child, who usually cannot hold stock directly, whether through custodial accounts or another channel.
- Whether US citizens only or all children living in the country would qualify.
- Whether the shares could be sold at once or would be locked up.

SpaceX had not commented by the time CNBC published.

## Does this affect anyone in Pakistan?

Only children in the United States are covered, so Pakistani-American families there would qualify if the plan goes ahead on Musk's terms; children in Pakistan would not. For anyone here thinking of buying US shares through a broker, remember that profits are taxable; our [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) shows how the rules apply.

## Frequently asked questions

**How much is Musk's SpaceX share giveaway worth?**

About $10.5 billion: one share for each of roughly 72 million US children, at SpaceX's Friday close of $146.03.

## Sources

- Elon Musk says he'll give a SpaceX share to every child in America next year (CNBC): https://www.cnbc.com/2026/10/19/elon-musk-spacex-shares-giveaway-kids.html

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