From ABC News · ABC News · · 1m 40s
Musk pledges SpaceX shares to every American child
Elon Musk says he will give one share of SpaceX to every child in America next year, responding to Anthropic's pledge to commit shares to a public benefit fund.
In brief
Elon Musk says he will give one share of SpaceX to every child in America next year, responding to Anthropic's pledge to commit shares to a public benefit fund. Elon Musk pledged to give one SpaceX share to every child in America next year, a move worth approximately ten point six six billion dollars based on current…
Musk pledges shares to American children
Elon Musk on Monday pledged to give one share of SpaceX to every kid in America next year.
Musk recommends direct share distribution
In response to Anthropic's Sunday announcement, Musk wrote, I recommend giving the shares directly to the public. He did not provide further details on how his pledge will be carried out.
“I recommend giving the shares directly to the public.”
Pledge valued at ten point six six billion dollars
Shares of SpaceX closed at one hundred forty six dollars and three cents on Friday.
Anthropic establishes public benefit fund
Anthropic said the shares it is committing will go to the Anthropic Public Benefit Fund, a new entity within the company. The fund's worth will potentially increase as the shares grow in value.
Musk signals more pledges to come
Musk added in his post that this will be the first of many, suggesting additional share pledges beyond the initial commitment to American children.
“This will be the first of many.”
Announcements reflect AI development concerns
The pledges arrive as Americans grow increasingly wary of AI. A new poll from the Associated Press-NORC Center for Public Affairs Research finds that sixty four percent of Americans think AI is developing too fast.
The headline
Elon Musk pledged to give one SpaceX share to every child in America next year, a move worth approximately ten point six six billion dollars based on current share prices.
