Elon Musk pledges one SpaceX share to every child in America next year

Summary

Elon Musk pledged on Monday 19 October to give one SpaceX share to 'every kid in America' next year, ABC News and The Philadelphia Inquirer reported, Business Insider quoting the post on X: 'Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many'. That would cover roughly 72 million people and represent stock worth about $10.5 billion at SpaceX's current share price, according to Business Insider, which said Musk did not say how the giveaway would work or who would be eligible, and TechCrunch put it at around 1% of Musk's current net worth. The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5% of its shares to a new 'public benefit' fund, PBS NewsHour reported, The Philadelphia Inquirer adding that other tech moguls have contributed to savings accounts for children.

Latest: Elon Musk pledged to give one SpaceX share to every kid in America next year, stock worth about $10.5 billion covering roughly 72 million children at SpaceX's current share price, according to Business Insider, the offer arriving a day after Anthropic announced it will commit 5% of its shares to a new 'public benefit' fund, PBS NewsHour reported.

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