Elon Musk Vows To Give a SpaceX Share To 'Every Kid In America'
An anonymous reader quotes a report from CNN: Elon Musk has said he will give every child in America a stake in SpaceX, his $2 trillion aerospace and artificial intelligence company, as tech firms face intensifying scrutiny over their impact on society. "Next year, I will give one of my SpaceX shares to every kid in America," he wrote on X on Monday. "This will be the first of many." SpaceX only…
Elon Musk has pledged to give a SpaceX share to every child in America. Speaking on X, the tech entrepreneur stated that this will be the first of many such gestures. SpaceX only began trading publicly in June, marking the company's largest initial public offering in history. At that time, SpaceX shares were valued at around $146 per share.
Musk's proposal, however, lacks detail on how the shares would be distributed to the estimated 73 million American children under the age of 18, which would be worth approximately $10.7 billion at the current share price. The announcement follows Anthropic's commitment to allocate at least 5% of its shares to a Public Benefit Fund, which will donate funds to social causes.
Musk responded to Anthropic's move by saying he will distribute the shares directly to the public instead.
Written by urgent.news from Slashdot's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
