Musk pledges $10bn in SpaceX shares for US children: Who really gains? - Al Jazeera
This story deserves to be shared
Send it to someone who'd care, or post it on your networks.
Elon Musk has pledged to give one SpaceX share to every child in the United States next year – a gift that could be worth more than $10bn. “This will be the first of many,” the world’s richest man wrote on X on Monday. About 73 million children under 18 live in the US, according to US Census Bureau data. At Friday’s closing price of $146.03, the pledge would be worth about $10.7bn. President Donald Trump thanked Musk on his Truth Social platform, and claimed the shares would be given to children “through TRUMP ACCOUNTS”, the tax-friendly investment accounts for children created under his signature tax and spending law last year. The pledge comes two weeks before the November 3 midterm elections. Musk is the biggest known donor in the run-up to those elections, having given more than $276m to Republican groups since July. Musk has not said which children will qualify, when the shares will be handed over, or how. So how might the giveaway work, and who stands to gain? Here’s what you need to know:SpaceX, the world’s seventh-largest company, began trading on the Nasdaq in June at an initial public offering price of $135 per share.
That price has been volatile. SpaceX shares have
This article is an excerpt. To read the full content, visit the original source. Al Jazeera
Related articles
PHP Vulnerabilities Could Put Much of the Internet at Risk, Experts Warn - CNET
An agency that monitors the PHP programming language issued a severe warning on Tuesday that it had identified two major cybersecurity vulnerabilities. Fixes should have been deployed on Wednesday at 10 a.m. ET, but security experts are urging website administrators to take immediate notice and precautions. The warnings are unusually severe, rated 9.2 out of 10. On Wednesday afternoon, PHP released some technical details about the two exploits. They allow bad actors to run malicious code on a site’s web servers. The very best thing you can do to keep your website safe is to immediately install the latest version of PHP. Older versions of PHP that have been sunsetted are also getting an emergency update with the patches.
Meta earnings live updates: AI spending, ad revenue and stock reaction - CNBC
Meta CEO Mark Zuckerberg demonstrates Muse, Meta's artificial intelligence agent, during the Meta Connect event in Menlo Park, California, Sept. 23, 2026. Minh Connors | Bloomberg | Getty ImagesMeta is slated to report third-quarter earnings after the bell on Wednesday, and investors will be looking for signs that the company's latest artificial intelligence efforts will bolster future sales. Here's what analysts polled by LSEG are expecting: Earnings per share: $5.75Revenue: $63.2 billionIt's been a big quarter for Mark Zuckerberg's company due to the initial success of the Muse AI personal assistant tool that debuted in September and shot to the top of Apple's iOS app store. That AI momentum helped Meta end September with its best month on Wall Street since 2022. Meta isn't the first to create a digital assistant that can organize people's email and scan the web for headphone deals, but the company's empire, which includes Facebook and Instagram, has helped introduce AI agents to the masses.
Costco on course for early 2027 construction start - Thunder Bay News - TBNewsWatch.com
Carnival Cruise Lines is bringing in dynamic pricing to set ticket costs - Global News
Bruce Springsteen made headlines this July for selling concert tickets for up to $5,000 - and he’s not the only artist whose prices have been hurting the pockets of fans. Music journalist, Alan Cross joins Candance Daniel to discuss this phenomenon and whether concert-lovers will see prices drop any time soon – Aug 15, 2022 Carnival Cruise Lines, one of the world’s largest cruise companies, is introducing dynamic pricing which could make travelling on the high seas more expensive for some.
0 comments
No comments yet. Be the first to share your thoughts!