Musk says he plans to give one SpaceX share to each U.S. child

Musk's pledge on X

NTD News reports that Elon Musk said he will give a stake in SpaceX to every child in the United States. In an Oct. 19 post on X, Musk wrote, “Next year, I will give one of my SpaceX shares to every kid in America.” He added, “This will be the first of many.” The article identifies SpaceX as Musk’s aerospace and artificial intelligence company and says its value is about $2 trillion.

Details left unanswered

According to NTD News, Musk did not provide further information about how the shares would be handed out. The report says he also did not say whether all children would be eligible for the donation. The article presents these as unresolved questions rather than explained parts of the plan.

Anthropic's separate pledge

NTD News says Musk’s announcement came shortly after Anthropic said it would commit 5 percent of its shares to a new public benefit fund. In an Oct. 18 news release, Anthropic said that the amount could rise as the company’s valuation increases. The company said it would begin with 5 percent, and for each 50 percent increase in value above a set baseline, it could contribute up to an additional 2 percent, subject to board discretion. Anthropic said this would mean about 20 percent of its shares are committed to the public good.

SpaceX earnings and market expectations

The article says SpaceX, which debuted on Wall Street in June, is set to release its second earnings report after the Oct. 20 closing bell. NTD News reports that market watchers expect revenue between $12.74 billion and $12.89 billion, with much of that driven by AI and Starlink. Analysts also estimate earnings per share of $0.14 to $0.23. The report says capital spending could reach nearly $11 billion, including spending on data centers and satellite deployments.

Broader outlook for the company and market

NTD News says SpaceX may increase capital spending further if it raises $40 billion to buy advanced Nvidia AI chips. The report says this suggests Musk wants SpaceX to become a major AI computing company. It also says SpaceX shares are down about 8 percent since debut. MarketBeat is cited as showing a consensus “Moderate Buy” rating and a 51 percent 12-month price target. The article adds that IBM, Meta Platforms, and Tesla Motors are also due to report third-quarter earnings. Jay Woods of Freedom Capital Markets told The Epoch Times that the key question is whether investors will keep paying a premium for AI growth. FactSet data cited in the article says 9 percent of S&P 500 companies have reported results so far, and 84 percent of those beat earnings-per-share estimates. The report says third-quarter S&P 500 earnings are forecast to rise by more than 30 percent.