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Musk Pledges SpaceX Shares to Every US Child
19 Oct
Summary
- Elon Musk will gift one SpaceX share to every child in the US.
- The giveaway is estimated to be worth around $10.5 billion.
- This move may be the first of several philanthropic initiatives.
In an announcement made on Monday, billionaire Elon Musk revealed his intention to gift one share of his aerospace company, SpaceX, to every child in the United States. This significant philanthropic gesture is projected to be valued at roughly $10.5 billion, based on an estimated 72 million children in the US as per 2025 census data.
Musk hinted that this giveaway is merely the beginning, stating it would be "the first of many" similar future actions. The exact details regarding eligibility, age limits, and the legal framework for transferring these shares have not yet been released by SpaceX.
This announcement follows Musk's reaction to Anthropic's pledge of 5% of its shares to a public benefit fund, where he suggested direct distribution to the public would be preferable. Social media reactions ranged from enthusiastic support to suggestions for alternative uses of the funds.
