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Elon Musk pledges SpaceX share for every child in America

Elon Musk has pledged to give a share of SpaceX to every child in America, according to Yahoo Finance. Details of the pledge, including its size, funding and how shares would be distributed, were not provided in the report. The announcement is drawing attention given SpaceX's enormous private valuation and Musk's already central role in debates over wealth, corporate influence and his political prominence in the United States.

Why now: A pledge by one of the world's richest men to give children stakes in a major private company is an unusual and far-reaching announcement.

Elon MuskSpaceXUnited States

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