Musk says he will give a SpaceX share to every child in the U.S. next year

Musk's pledge on X

Fox Business reports that Elon Musk posted on Monday that he plans to give one share of SpaceX to every child in America next year. In the post, he said the planned giveaway would be “the first of many.” The article says Musk did not give details about how the distribution would be carried out.

Exchange with Anthropic

According to Fox Business, Musk’s pledge came after a back-and-forth with artificial intelligence company Anthropic about how it planned to spread the financial gains from its growth. On Sunday, Musk urged Anthropic to distribute shares directly to the public after the company described a new public benefit fund.

Anthropic's public benefit fund

Fox Business reports that Anthropic said it is committing part of its equity to the Anthropic Public Benefit Fund, which it described as a new wholly owned entity focused entirely on public benefit. In a Sunday post on X, the company said the fund will begin with 5% of its shares. Anthropic also said that for every 50% rise in the company’s value over a set baseline, it can contribute up to another 2%, if the board approves. The company said this means about 20% of its shares are committed to the public good.

Anthropic's additional remarks and Musk's response

Anthropic also said its co-founders have already pledged to donate 80% of their equity, and that about half of its employees are contributing part of their equity through a donation matching program the company has had since it was founded. In response, Musk wrote that he recommended giving the shares directly to the public, and then added, “This is what I will be doing,” before later announcing the SpaceX pledge.