Elon Musk says he'll give a SpaceX share to every child in America next year
The SpaceX boss said Monday that he'll give one of his company shares to every child in the U.S. next year. He didn't say how the share giveaway would happen.
TL;DR
- Elon Musk announced he will give one SpaceX share to every child in the U.S. next year.
- The value of the shares to be given away is estimated at $10.5 billion.
- Musk owns approximately 4.8 billion SpaceX shares, with vested awards and options bringing his stake to 6.4 billion.
- There are an estimated 72 million children under 18 in the U.S.
- Musk made the announcement in response to Anthropic's plan to commit 5% of its shares to a public benefit fund.
- Musk's recent financial activities have also included significant political donations to Republican groups.
- No further details regarding the SpaceX share giveaway have been released.