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

0:00Progressive's Accident Response can contact emergency services if you're in a major accident. The only thing worse than someone you love being in an accident is not being able to help them. So Progressive is here to help when you can't. So get peace of mind knowing your loved ones are protected with Progressive's Accident Response. Learn more at Progressive.com. Progressive Casualty Insurance Company and Affiliates. Limited availability in California. Driver is responsible for emergency and towing charges not covered by the policy. Coverage subject to policy terms and conditions. On Monday, Elon Musk announced plans to give every child in America one share in his aerospace and AI company SpaceX next year.

0:39The 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. Musk'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.

1:24Earlier 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. On Sunday, Anthropic announced it would commit at least 5 % of its shares to a newly formed Anthropic Public Benefit Fund.

2:02The fund will be a wholly owned limited liability company, and the Claude maker said it will be able to make large donations to nonprofits 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 the story, check out the article at the link in the description.

2:32Thank you.

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