Musk pledges SpaceX share giveaway to every US child
The announcement comes as tech firms seek to win over an increasingly skeptical public.
Elon Musk has predicted that his wealth could become virtually meaningless within a few generations if his vision of a multiplanetary future comes true. The Tesla and SpaceX CEO told his biographer Walter Isaacson that money will be irrelevant if advancements in robotics and space travel create a post-money economy. Musk believes AI and robots will be better than humans at everything, rendering conventional currency unnecessary.
He expects people to find purpose in life through hobbies like growing their own food or creating art, rather than relying on traditional jobs. Musk's wealth is primarily tied to his ownership in SpaceX and Tesla, and he anticipates heavy taxation on his fortune. He plans to leave his foundation with the mission to make life multi-planetary, extend consciousness to the stars, and improve sustainable energy on Earth.
Musk has also pledged to donate a share of SpaceX to every child in the US next year, contributing over $10 billion.
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