Musk pledges a share of his SpaceX company to 'every kid in America'
Also reported by PBS NewsHour, CBS News, Axios
Summary
Elon Musk promised to give one share of his company SpaceX to every child in the United States next year. This gift could be worth about $10.66 billion in total, based on the current share price and the number of children under 18.Key Facts
- Elon Musk pledged to give one SpaceX share to each child in America next year.
- SpaceX shares recently closed at $146.03 each.
- There are about 73 million children under 18 in the United States.
- The total value of Musk’s pledge is around $10.66 billion.
- Musk made this announcement after the AI company Anthropic said it would give 5% of its shares to a public benefit fund.
- Anthropic plans to launch a large initial public offering (IPO) soon.
- SpaceX became publicly traded earlier this year, making Musk the world’s first trillionaire.
- Musk has donated over $276 million to support Republican candidates in the current elections.
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