Finimize says Musk planned SpaceX shares for U.S. children

Musk’s reported pledge

Finimize reports that Elon Musk said on Monday he planned to give one SpaceX share to every child in America next year. The article estimates that this would cover about 72 million children. Using a $150 SpaceX share price, Finimize says the total value would be about $10.8 billion.

Context and timing

The piece says the announcement came shortly after Anthropic said it would create a Public Benefit Fund and contribute 5% of its private shares to it. Finimize describes the timing as notable and says the two announcements came on consecutive days.

Unclear distribution method

Finimize says it is not clear how, or whether, Musk’s shares would actually be distributed. The article says one possible route would be Trump Accounts, which it describes as investment funds for U.S. children. It adds that children born between 2025 and 2028 would be seeded with $1,000 in those accounts.

Precedents cited by Finimize

The article says there is precedent for this kind of contribution. It reports that SpaceX president Gwynne Shotwell and her husband pledged $320 million of stock in July to Trump Accounts for two million children. It also says Michael and Susan Dell seeded 25 million accounts this year with $250 each, for a total of $6.25 billion.

Anthropic and valuation notes

Finimize says Anthropic stated that its share of “public good” would grow as the company grows. The article says Anthropic’s planned IPO will test investor appetite for that kind of growth. It also reports that Anthropic had been targeting a $2 trillion valuation, but that later speculation shifted toward about $1.5 trillion after its third-quarter update showed revenue of $16.8 billion, up 45% from the quarter before and below forecasts.