Axios
Follow
Musk pledges 1 SpaceX share for every child in America
Elon Musk announced on X that he plans to give one share of SpaceX to every child in America next year. This potential giveaway, valued at around $11 billion based on current stock prices, would significantly surpass previous large charitable gifts. Musk did not clarify the exact definition of "kid" or specify if the offer extends to non-citizens residing in the U.S. The Census Bureau estimates there are over 72 million individuals under 18 in the United States. Distributing one share to each would result in a market value exceeding $10.5 billion. Musk possesses a substantial number of SpaceX shares, meaning this giveaway would represent a minor reduction in his overall holdings. This announcement follows news of Anthropic establishing a public benefit fund with a significant portion of its equity. Musk's reaction to Anthropic's news was a recommendation to distribute shares directly to the public, a move he says he intends to undertake. This action appears linked to his stated intention of giving away SpaceX shares. The story is still developing and further details are anticipated.