Elon Musk has announced that he plans to give one of his own SpaceX shares to every child in America next year.
"This will be the first of many," Musk, who is the world's richest person, added in a post on X in the early hours of Monday.
The Tesla CEO and SpaceX founder did not immediately provide details on how the plan would work or elaborate on what additional giveaways he has planned.
Musk owns roughly 6.4 billion SpaceX shares, or just under half the company. One of his shares is currently worth about $146, based on the stock's $146.03 closing price on Friday, October 16.
This is a breaking news story and will be updated.