Elon Musk announced Monday, October 19, that he plans to give one share of SpaceX ($SPCX) to every child in the United States next year. With approximately 73 million Americans under age 18 and SpaceX shares last trading near $146, the proposed distribution would be worth roughly $10.7 billion. Musk has not provided details on eligibility or how the shares would be distributed.
- Musk wrote on X: "Next year, I will give one of my SpaceX shares to every kid in America."
- He added that the distribution would be "the first of many," without specifying additional plans.
- SpaceX went public in June 2026 and has a reported market valuation of approximately $2 trillion.
- The announcement followed Anthropic's pledge to allocate at least 5% of its shares, valued at approximately $48 billion, to a Public Benefit Fund.
- Anthropic said its fund could support nonprofit organizations and direct payments to populations affected by artificial intelligence.
- Musk had previously suggested that Anthropic distribute shares directly to the public.
Relevant Companies
- SpaceX ($SPCX) - Musk's proposed distribution would transfer approximately 73 million shares to American children if implemented as described.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
