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SpaceX CEO Elon Musk announced plans to distribute one share of the company to every child in the United States next year. The pledge follows SpaceX's June 2026 IPO, which raised approximately $85.7 billion.
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Elon Musk's net worth dropped to $982.9 billion on October 13 after SpaceX shares fell more than 3%. The decline occurred just four days after he regained trillionaire status.
US consumer prices rose 0.6% in September, driving annual inflation to 3.7%. While general markets fell, AI infrastructure stocks also declined, though specific causal links to the CPI report were not detailed in available excerpts.
