Musk pledges to give ‘every kid in America’ one of his SpaceX shares
Elon Musk has pledged to donate one of his SpaceX shares to every child in America by 2027, a move valued at over $10 billion. The announcement followed a similar promise by Anthropic to distribute a portion of its shares to the public.
Why it matters
The pledge raises questions about the feasibility of such a massive wealth distribution and highlights the intersection of billionaire philanthropy and corporate stock ownership.
Elon Musk claims he will give one of his SpaceX shares to “every kid in America” in 2027, which would result in a gift worth more than $10 billion based on the current $146 share price of his combination spaceflight and AI company. That’s roughly 1% of his $1 trillion net worth.
It’s not clear how Musk plans to do this, though he said in a separate post that he wants to give the shares “directly to the public,” and that this will be the “first of many” shares he’ll donate.
President Donald Trump, who Musk spent around $300 million to help elect, has set up bank accounts for children through the Treasury, called Trump Accounts, that can accept stock donations from wealthy donors.
Musk did not immediately respond to a request for comment.
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