From SiliconANGLE · Maria Deutscher · · 1m
Elon Musk and Anthropic pledge billions in shares
Elon Musk and Anthropic commit to donating billions of shares to children and AI labor impact.
In brief
Elon Musk and Anthropic commit to donating billions of shares to children and AI labor impact. Elon Musk pledges 72 million SpaceX shares to U.S. children, worth $10.5 billion, as Anthropic donates 5% of equity to a public benefit fund focused on AI labor market effects. Originally reported by SiliconANGLE.
Elon Musk's pledge
Elon Musk pledges to gift one SpaceX share to every U.S. child.
“This will be the first of many”
Anthropic's donation
Anthropic pledges 5% of its equity to a public benefit fund.
“Anthropic intends to add another 2% every time its valuation increases by 50% above a set baseline”
U.S. children count
72 million U.S. children as of last July.
Share value
72 million shares worth $10.5 billion at SpaceX's last closing price.
Musk's distribution plan
Musk plans to give shares directly to the public.
“shares directly to the public”
Trump Accounts program
Trump Accounts program provides investment accounts for U.S. children.
Gwynne Shotwell's pledge
Gwynne Shotwell pledged over $320 million of her SpaceX shares to Trump Accounts.
What to remember
Elon Musk pledges 72 million SpaceX shares to U.S. children, worth $10.5 billion, as Anthropic donates 5% of equity to a public benefit fund focused on AI labor market effects.
