Elon Musk Says He’ll Give Every Child In America One SpaceX Share Next Year

0:00On Monday, Elon Musk announced plans to give every child in America one share in his aerospace and AI company SpaceX SpaceX next year. The announcement comes shortly after Musk criticized rival Anthropics' plan to pledge 5 % of its shares to a public benefit fund and urged the company to distribute its shares directly to the public. Musk stated in an early Monday ex-post that he plans to gift a SpaceX share from his holdings to every child in America next year, calling it the first of many. The world's richest man didn't offer details on when he would distribute the shares in 2027, how he would determine eligibility, or how he plans to transfer them to millions of American children.

0:43Musk's use of the phrase MySpaceXShares in his announcement suggests that the pledge comes from his personal holdings rather than new shares being issued by the company. Earlier this year, SpaceX President Gwynne Shotwell and her husband pledged to contribute one SpaceX share each to the so-called Trump accounts of more than 2 million American children. Last month, the Treasury Department expanded the Trump accounts program to allow donations of individual company shares, although parents and children will be required to hold the donated stock for five years. It's unclear if Musk's pledge is also linked to the Trump administration's investment accounts for children.

1:24On Sunday, Anthropic announced it would commit at least 5 % of its shares to a newly formed Anthropic Public Benefit Fund. The fund will be a wholly owned limited liability company, and the Claude maker said it will be able to make large donations to non-profits or direct distributions to specific populations. Musk appeared to criticize the move on X, tweeting at Anthropic, quote, I recommend giving the shares directly to the public. For more on this story, check out the article at the link in the description.