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Tech billionaire: Musk promises every US child a SpaceX share

Every child in the USA is to receive a share of Elon Musk's space company. Exactly how this is supposed to happen is still unclear. For the tech billionaire, it would be a fraction of his wealth.

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Tech billionaire: Musk promises every US child a SpaceX share

Elon Musk has announced that he will give a share of his space company SpaceX to every child in the US next year. He made the statement on his online platform X, saying it would be his first step of many. There are over 70 million children under 18 in the US, and at the current SpaceX share price, the gift would be worth over $10 billion. Musk's announcement follows a similar move by AI firm Anthropic, which said it would put 5% of its shares into a public benefit fund.

Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at handelsblatt.com →

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