Musk floated plan to give 72 million US children SpaceX shares
What's new: At SpaceX's current share price, the pledge would be worth about $10.5 billion, though Musk gave no details on how it would work.
Elon Musk posted that he plans to give one SpaceX share to every child in America, a pledge that would reach roughly 72 million children if carried out. At SpaceX's current share price of about $146, the giveaway would total around $10.5 billion. Musk wrote on X that the distribution would begin in 2027, but he did not explain how the transfers would be structured. The post came hours after AI company Anthropic said it would place 5% of its shares in a fund for donations aimed at the public good. Musk responded by arguing that shares should go directly to the public. The proposal would involve a small fraction of Musk's SpaceX holdings, which account for most of his estimated fortune.