Elon Musk Announces Plan to Give SpaceX Shares to Every U.S. Child
SpaceX CEO Elon Musk announced his intention to give one share in the company to every child under 18 years old in the United States next year, which would amount to distributing approximately $10.5 billion worth of shares based on recent stock prices and population data. The plan involves giving away around 72 million shares, representing a significant portion of Musk's holdings in SpaceX. Musk did not provide specific details about how the distribution will be carried out or whether it includes future children born after July 1, 2025. He described this as 'the first of many' such initiatives and has previously shown mixed success with philanthropic commitments. In recent months, Musk's financial activities have also included large political donations to Republican groups. The announcement follows a similar move by AI company Anthropic, which plans to allocate 5% of its shares to a public benefit fund. Musk responded positively to the idea and suggested distributing shares directly to individuals rather than through institutional funds.
Topics: Elon Musk Philanthropy SpaceX Stock Distribution
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