
Tech billionaire Elon Musk plans to give every child in the US a SpaceX share. The trigger was apparently an equity initiative by Anthropic.
AI-generated summary
With the announcement, Elon Musk responded to a similar move by the AI company Anthropic to allocate shares for the public good.
First Donald Trump promises everyone $5,000 if the Republicans win the election, then Anthropic is thinking about a fund for charitable purposes. Now the richest man in the world is reacting: Elon Musk wants to put together a share package worth billions - for children.
Tech billionaire Elon Musk has announced that he will give every child in the US a share of the space company he runs SpaceX next year. This will be his first step of this kind "of many," Musk wrote on
According to recent census data, there are just over 70 million children under the age of 18 in the United States. At the current price of SpaceX shares, the share package for such a gift to them would be worth more than 10 billion dollars (equivalent to 8.92 billion euros). Musk's fortune is currently estimated by the financial service Bloomberg at a good $900 billion. It consists mainly of shares in SpaceX and the electric car manufacturer Tesla, which he also runs.
A trigger for Musk's move appears to be the announcement by the AI company Anthropic at the weekend that it would initially contribute five percent of its shares to a fund that is intended to benefit the public good. Musk then wrote to X that he recommended transferring shares directly to the public.
Trump promises $5,000 if Republicans win
The SpaceX share initially took off after the IPO in June, but is now at prices below $150, far from its highs beyond the $200 mark. There are still doubts about the current valuation of $1.9 trillion. The rocket business is currently relatively small, and the valuation is more of an advance from the stock market on the successes in artificial intelligence promised by Musk. SpaceX is well behind Anthropic and the ChatGPT developer OpenAI in this area.
Musk is known for his right-wing political views and is again supporting President Donald Trump's Republicans with several hundred million dollars in the current parliamentary election campaign. Trump recently promised $5,000 for all US citizens if the Republicans can maintain their majorities in the Senate and House of Representatives. Current polls suggest that the Democrats have a good chance of at least taking back the House of Representatives.
AI outlook — possibilities, not facts
Implementation of the share giveaway in the coming year
Possible · Within months

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