TradingKey – Musk Announces Plan to Gift 1 Share to Every Child in the U.S. Next Year, SpaceX Stock Surges Toward $150.
On October 19, Elon Musk announced plans to gift 1 share of SpaceX (SPCX) stock to every child across the U.S. next year. Hailed as a groundbreaking initiative to popularize aerospace equity nationwide, this move not only once again demonstrated Musk’s unique business PR and ecosystem influence, but also directly sparked capital market enthusiasm for SPCX, pushing SpaceX stock up 1.53% in pre-market trading, closing in on the $150 mark to trade at $148.27.
SpaceX Stock Price Chart, Source: TradingView
This move echoes an earlier initiative by SpaceX President Gwynne Shotwell to donate hundreds of millions of dollars in…
