Elon Musk, Anthropic pledge to give away billions of dollars in shares
SpaceX Corp. Chief Executive Elon Musk today pledged to gift a single share of the spaceflight company to every child in America. “This will be the first of many,” Musk wrote in the brief X post that revealed the move today. The announcement came a few hours after Anthropic PBC pledged to donate at least […] The post Elon Musk, Anthropic pledge to give away billions of dollars in shares appeared…
Elon Musk, the CEO of SpaceX, pledged to give a single share of the company to every child in America. This pledge is Musk's first of many, as he plans to gift 72 million shares, valued at $10.5 billion at the company's last closing price. The announcement followed Anthropic PBC's pledge to donate at least 5% of its equity to a public benefit fund.
With 72 million children in the U.S. as of last July, Musk intends to distribute 72 million of his SpaceX shares, which he plans to give directly to the public. Anthropic's initiative to donate 5% of its equity will be added to the significant amount of equity its employees have pledged to give away, committing about 20% of the company's stock to charitable causes.
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