Elon Musk announced plans to give one share of SpaceX stock to every child in the United States starting next year.
Key Details:
- The Pledge: Musk posted on X that he will give one of his SpaceX shares to every kid in America, calling it the first of many.
- Target Audience: The U.S. Census Bureau estimates there are roughly 73 million children under the age of 18 in the country.
- Estimated Value: With SpaceX shares trading around $146 to $149 each, the total value of the giveaway is estimated to be over $10.5 billion.
- Context: The announcement followed a move by artificial intelligence company Anthropic to commit a portion of its shares to a public benefit fund. Musk responded by advocating for direct distribution to the public rather than corporate funds.
- Unresolved Details: Musk has not yet specified exact age cutoffs, the mechanics of how the shares will be distributed, or whether the gift will utilize government-backed Trump Accounts.