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Elon Musk Aims to Gift SpaceX Shares to All American Children
Billionaire Elon Musk announced his intention to give one share of his stake in SpaceX to every child in the United States during the upcoming year, in a charitable initiative valued at approximately $10.5 billion. This effort would include about 72 million children under the age of eighteen. This move comes after Anthropic revealed plans to allocate 5% of its shares to address the impacts of artificial intelligence on jobs. Musk considers direct distribution of shares through such initiatives to be the optimal approach, though he has not disclosed any regulatory details. Musk owns about 48.4% of SpaceX’s shares, amounting to roughly 6.4 million shares based on the closing stock price of $146.03 on Friday.
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