Elon Musk plans to give every child in America a share in SpaceX next year
&cropxunits=450&cropyunits=253&w=770)
Elon Musk announces a plan to give a share of SpaceX to every child in the United States next year.
Translated by Qiyas from الأنباء — Original source
Billionaire Elon Musk plans to give a share of SpaceX to every child in the United States next year, a move he described as “the first of many upcoming initiatives.” Musk wrote on the X platform: “Next year, I will give one of my SpaceX shares to every child in America. This will be the first of many.”
Musk’s comments came hours after he announced his support for distributing shares directly to the public, in response to Anthropic’s plan to allocate a portion of its shares to a separate public benefit fund to address the impact of artificial intelligence on the labor market.
According to circulating estimates based on approximately 72 million children under 18 in the United States and a price of around $146 per SpaceX share in private trading, the total value of the initiative could reach about $10.5 billion. The actual cost will depend on the final number of beneficiaries and the share price at the time of execution. Private market data show that a SpaceX share trades around $148.
Musk indirectly criticized Anthropic’s new plan, saying he recommends giving shares directly to the public rather than holding them in a fund, adding, “That’s what I’ll do.”
On Sunday, Anthropic announced it would allocate 5% of its shares to a new public benefit fund, with the stake gradually increasing as the company’s value grows in the future, following shareholder approval. The board also has the authority to add 2% of shares for every 50% increase in the company’s valuation above an undisclosed baseline.
The company said the fund could be used to finance nonprofit organizations, make direct payments to specific groups, or support programs aimed at studying and addressing the effects of AI on jobs. It noted that it has already allocated $200 million to study these impacts, but believes that the rapid advancement of AI may require bolder measures.
Anthropic, the developer of the Claude chatbot, is preparing for an anticipated initial public offering, having informed investors that its third-quarter revenue reached $16.8 billion.
