Musk Promises One SpaceX Share to Every American Child
Elon Musk is a very rich businessman. He owns a space company called SpaceX. Now Musk has a new plan. He wants to give one share of SpaceX to every child in America. A share is a small part of a company. If you own a share, you own a small piece of that company.
Musk says this gift will cost about 11 billion dollars. A billion is a very big number. It is one thousand million. This is a lot of money for one gift.
SpaceX is a famous company. It builds rockets and sends them to space. Musk started SpaceX many years ago. Today, SpaceX is worth a lot of money.
People are talking about this plan. Some people think it is a very generous gift. Other people want to know more about why Musk is doing this. They ask what is really behind the gift.
We do not know all the details yet. We do not know exactly when children will get their shares. More information may come soon.
Vocabulary15 words
- share
- a small part of a company that you can own
- gift
- something you give to someone for free
- generous
- ready to give a lot to others
- billion
- a very big number; one thousand million
- rocket
- a machine that flies into space
- company
- a business that makes or sells things
- plan
- an idea about what to do
- own
- to have something that belongs to you
- space
- the area outside Earth, far from our planet
- rich
- having a lot of money
- famous
- known by many people
- worth
- the value of something in money
- details
- small facts about something
- America
- another name for the United States
- businessman
- a person who runs a company
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Quiz
Answer key
1. A share of SpaceX 2. 11 billion dollars 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Elon Musk is a very rich _____. He owns a space company called SpaceX.
Musk wants to give one _____ of SpaceX to every child in America.
Musk says this _____ will cost about 11 billion dollars.
A billion is a very big _____. It is one thousand million.
SpaceX is a famous company. It builds _____ and sends them to space.
Some people think it is a very _____ gift.
Other people want to know more about why Musk is doing this.
We do not know exactly when children will get their _____.
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