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SpaceX chief Elon Musk announced on October 19, 2026 that he will distribute one SpaceX share to every child in the United States next year. Musk did not specify the mechanics of how the giveaway would be executed or whether it would be funded through new issuance, a transfer of his own holdings, or another method. The statement marks an unconventional approach to wealth distribution and raises questions about valuation, regulatory approval, and implementation details.
Sources:CNBC Top News