Musk posted on social media that he would give one of his SpaceX shares to every kid in America next year, and that this offering would be “the first of many”—without offering more details on how this massive wealth transfer would work.

Elon Musk, the richest person on earth, has pledged to transfer part of his stock holdings to American children.

On Monday, the billionaire founder of SpaceX, Neuralink, and xAI announced on social media that he would give each kid in America a share of SpaceX next year. The announcement implies Musk will transfer 72 million shares to 72 million American children under 18, as official census data indicates.

Musk’s pledge means $10.5 billion worth of SpaceX shares will be distributed to American kids, using the stock’s closing price of $146.03 as of Friday.

“This will be the first of many,” Musk added, hinting at more donations to fund the future of every American child. According to Bloomberg, Musk has a net worth of over $900 billion, with most of his fortune coming from shares owned in SpaceX and Tesla.

Musk’s donation comes after Anthropic disclosed that it would commit 5% of its shares to a public benefit fund, vowing to expand this number as the company’s value rises, up to a 20% limit. At the time, Musk recommended that Anthropic give the shares to the public.

While Musk did not specify the process to complete this value transfer, he hinted it could happen through the Invest America program, commonly known as Trump Accounts, which opened to stock donations in July.

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