From Mother Jones · Alex Nguyen · · 50s
SpaceX Shares for Every Child
Elon Musk pledges SpaceX shares to every US child as AI job fears rise.
In brief
Elon Musk pledges SpaceX shares to every US child as AI job fears rise. Elon Musk will give one SpaceX share to each US child under 18, worth $10.8 billion total, amid AI job concerns. Originally reported by Mother Jones.
Musk's Share Promise
Elon Musk will give one SpaceX share to every child under 18 in America next year.
“Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.”
Share Value Calculation
One share worth $150 each, 72 million children under 18 in US, totaling $10.8 billion.
Musk's Net Worth
Musk's net worth is nearly $1 trillion, so shares would be less than two percent of his wealth.
Trump Accounts Connection
Trump thanked Musk for 'incredible generosity' and promised SpaceX shares would come 'through TRUMP ACCOUNTS'.
“incredible generosity”
Anthropic's Public Fund
Anthropic pledges five percent of shares to a public benefit fund for AI job protection.
“public benefit fund”
The main idea
Elon Musk will give one SpaceX share to each US child under 18, worth $10.8 billion total, amid AI job concerns.
