Elon Musk announced on X that he would give one of his SpaceX shares to every child in America next year, describing the move as the first of many without providing further details on how the scheme would operate. Musk, described as the world's richest man, owns 38 percent of SpaceX according to Forbes, and US Census Bureau data from 2024 indicates there are around 73 million children under 18 in the United States. The announcement follows a promise by President Donald Trump last month to give every American adult $5,000 if his Republican party retains control of Congress in November's midterm elections. SpaceX set a record for the largest initial public offering in history, raising $85.7 billion in June, and its Starship megarocket reached orbit for the first time in September.
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