Musk pledges one SpaceX share to every child in the US in 2027, a gift valued at over $10 billion
Elon Musk said he will give one of his SpaceX shares to "every kid in America" in 2027. At the current $146 share price, the gift would be worth more than $10 billion, roughly 1% of his reported $1 trillion net worth. The mechanism is unclear, though Musk said he wants to give the shares "directly to the public" and called this the "first of many" donations. The pledge followed an Anthropic announcement that it would put 5% of its shares into a new public benefit fund after its upcoming IPO. Musk replied to that post on X, saying the company should give "directly to the public". The article notes that Trump Accounts, Treasury-run bank accounts for children, can accept stock donations. It also cites an Economist review finding that most Musk Foundation spending has gone to entities tied to Musk. This is business and philanthropy news with no cyber threat content.
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Musk pledges one SpaceX share to every child in the US in 2027, a gift valued at over $10 billion
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Elon Musk said he will give one of his SpaceX shares to "every kid in America" in 2027. At the current $146 share price, the gift would be worth more than $10 billion, roughly 1% of his reported $1 trillion net worth. The mechanism is unclear, though Musk said he wants to give the shares "directly to the public" and called this the "first of many" donations. The pledge followed an Anthropic announcement that it would put 5% of its shares into a new public benefit fund after its upcoming IPO. Musk replied to that post on X, saying the company should give "directly to the public". The article notes that Trump Accounts, Treasury-run bank accounts for children, can accept stock donations. It also cites an Economist review finding that most Musk Foundation spending has gone to entities tied to Musk. This is business and philanthropy news with no cyber threat content.