Kathmandu. Elon Musk, the world’s richest man, has announced that he will gift 1-1 share of his rocket company SpaceX to every child in America. Musk made this announcement on his social media platform X on October 19. <\/p>\n
Currently, the price of a share of SpaceX is $146. There are about 72 million children in the United States. As a result, the value of the shares to be distributed will be $10.51 billion. <\/p>\n
However, what will be the process of distributing this to millions of children? Neither Musk nor his company has provided any information at this time. It is unclear which children will be eligible. <\/p>\n
In his post, Musk referred to “every child in America.” <\/p>\n
Citizenship: TAG_CLOSE_span_21 It is unclear whether this stock will be available only to children with U.S. citizenship, or to other children living in the United States. <\/p>\n Age: <\/span> Musk has not set an age limit. Will newborns also get shares? <\/p>\n Verification: <\/span> What documents will parents have to submit for the child, what form they will have to fill out, or what other methods will be used? No information has been given about this yet. <\/p>\n Questions about selling or transferring{<\/strong><\/span><\/p>\n Another major question is how the shares will reach the children. Will the shares be directly in the name of the child or will they remain in the account of the parents until the child reaches the age of majority? <\/p>\n The company also did not specify whether the children or their parents would be able to sell these shares at will or whether they could be transferred to someone else. \u2014 Agency<\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Elon Musk, the world’s richest man, has announced that he will gift 1-1 share of his rocket company SpaceX to every child in America. Musk made this announcement on his social media platform X on October 19. Currently, the price of a share of SpaceX is $146. There are about 72 million children in […]<\/p>\n","protected":false},"author":16,"featured_media":279061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-320495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=320495"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320495\/revisions"}],"predecessor-version":[{"id":320496,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/320495\/revisions\/320496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/279061"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=320495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=320495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=320495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}