EXECUTIVE SUMMARY
SpaceX CEO Elon Musk announced plans to distribute company shares to all American minors in a move totaling approximately eleven billion dollars.
"This will be the first of many," Musk said in a social media post.
Elon Musk, the world's wealthiest person, on Monday vowed to give every child in the United States a share of stock in aerospace giant SpaceX.
The company, which Musk leads as founder and CEO, boasts a valuation of nearly $2 trillion, with Musk the largest individual shareholder. A share of SpaceX was worth about $150 as of Monday morning.