From CNBC · Kai Nicol-Schwarz · · 1m 10s
Musk pledges SpaceX shares to every American child
Elon Musk says he will give one SpaceX share to every child under 18 in the U.S. next year, worth about ten point five billion dollars.
In brief
Elon Musk says he will give one SpaceX share to every child under 18 in the U.S. next year, worth about ten point five billion dollars. Elon Musk announced Monday he will give one SpaceX share to every child in America next year, a giveaway worth approximately ten point five billion dollars. Originally reported by…
Musk announces massive share giveaway
SpaceX boss Elon Musk said Monday he will give one of his shares in the company to every child in the U.S. next year.
The numbers behind the pledge
There were seventy two million children under eighteen in the U.S. as of July first, twenty twenty five. The giveaway would amount to about ten point five billion dollars worth of shares.
Musk's stake and the first of many
Musk currently owns about four point eight billion SpaceX shares according to an August SEC filing. He said on X, "This will be the first of many," without providing further details.
“This will be the first of many”
Response to Anthropic's benefit fund
Musk's announcement came after Anthropic revealed plans to commit five percent of its shares to a public benefit fund.
What matters most
Elon Musk announced Monday he will give one SpaceX share to every child in America next year, a giveaway worth approximately ten point five billion dollars.
