By The Verge | Created at 2026-10-19 14:21:46 | Updated at 2026-10-19 22:13:23
7 hours ago
Elon Musk says he plans to give one of his SpaceX shares to every child in the US starting next year. With around 72 million children in the US as of July 2025, Musk would be giving away about $10.5 billion worth of shares, according to a report from CNBC.
Along with giving away SpaceX shares, Musk has made large contributions to Republican midterm election efforts. Musk donated $158 million to the Senate Leadership Fund PAC in September, making up more than “half of the super PAC’s total receipts in the third quarter of this year,” according to CBS News. He also dumped $76 million into the Super PAC he founded in 2024, America PAC.
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