Elon Musk says he will give a SpaceX share to ‘every kid in America’

Elon Musk has announced his intention to grant a share of his aerospace and artificial intelligence company, SpaceX, to every child in America next year. The tech mogul made the announcement on X, describing it as "the first of many." SpaceX's shares were trading at approximately $146 when the market closed on Friday. It is unclear how these shares would be distributed to the tens of millions of American children or if all of them would be eligible.

The United States Census Bureau estimates there are around 73 million people under the age of 18 in the U.S., making the proposed giveaway worth roughly $10.7 billion at SpaceX's current share price. Musk's proposal comes in response to Anthropic, another tech company, committing at least 5% of its shares, valued at $48 billion, to a Public Benefit Fund that will donate money to social causes.