Elon Musk promises one SpaceX share to every child in the United States
Musk pledged to give one SpaceX share to every American child next year, calling it the first of many such gifts.
KEY POINTS
- Musk pledged one SpaceX share to every U.S. child next year
- SpaceX shares closed around $146 on Friday
- About 73 million people under 18 live in the United States
- The potential giveaway is valued at roughly $10.7 billion
- Anthropic pledged at least 5 percent of its $48 billion shares to a Public Benefit Fund
Elon Musk announced on X that he will give one of his SpaceX shares to every child in the United States next year, describing it as the first of many such gifts.
The announcement comes as Trump previously promised a $5,000 dividend to every American citizen if Republicans keep control of Congress.
“Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.”
SpaceX began trading publicly in June after completing the largest initial public offering in history, raising $85.7 billion. Its shares closed around $146 on Friday.
According to the U.S. Census Bureau, about 73 million people under 18 live in the United States, which would value Musk’s potential share giveaway at roughly $10.7 billion at current prices.
Musk’s offer follows Anthropic’s Sunday announcement that it will dedicate at least 5 percent of its shares, valued at $48 billion, to a Public Benefit Fund.
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