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Musk plans 1 SpaceX share for every US child
The Indian Express·
Elon Musk said on Monday he plans to give every child in the United States one SpaceX share next year. Writing on X, he called it the first of several offerings. A Business Insider report cited by The Indian Express put the pool near 72 million children, worth about $10.5 billion. Musk has not explained the share structure.
Prism
What It Means For You
- Musk said every American child would get one SpaceX share next year, with no distribution method announced.
- Business Insider figures cited in The Indian Express put the pool near 72 million children and about $10.5 billion.
- Anthropic separately said it would put 5 percent of its shares into a public-good fund.
What's Happening
- Musk posted on X that next year he will give one of his SpaceX shares to every kid in America.
- He said this would be the first of many such offerings.
- He has not explained how the giveaway share structure would work.
How This Sits Beside Other Pledges
- SpaceX COO Gwynne Shotwell has pledged $320 million in SpaceX stock for more than 2 million children, Yahoo News reported.
- Anthropic said 5 percent of its shares would go to a fund for the public good.
- Musk replied that he recommends giving shares directly to the public.
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