Musk says he will give SpaceX shares to US children through Trump Accounts

Musk’s pledge on X

Kucoin reports that Elon Musk said on X that he plans to give some of his shares to American children through Musk Trump Accounts. His statement came hours after Anthropic disclosed a plan tying 5% of its stock to a new public benefit fund. The report says Musk did not specify when the gift would happen, how many shares would be involved, or which company’s stock he meant at first.

SpaceX mentioned, but not confirmed in detail

According to the report, a user suggested SpaceX stock, and Musk agreed with that post. The article says that reply is what linked the pledge to SpaceX, but Musk did not provide additional details. The source also says Musk later answered “Yes” when asked whether he meant Invest America accounts, which is the formal name of the program.

Anthropic’s fund plan and Musk’s reaction

Kucoin says Anthropic announced the Anthropic Public Benefit Fund on October 18. The fund is a wholly owned entity that begins with 5% of the company’s shares, although that step still depends on stockholder approval. The report adds that, based on Anthropic’s May valuation of $965 billion, the stake would be worth about $48 billion, though the value could change once the shares begin trading. It also says the board can add as much as 2% more for every 50% increase in company value above a set baseline.

Trump Accounts and prior stock gifts

The article says Trump Accounts are federal investment accounts for US children. Eligible newborns receive a $1,000 government deposit, and the White House says enrollment has reached 70 million children. According to the report, donors can contribute individual stocks, and recipients may have to keep those shares for five years. The source says Musk urged Anthropic to give shares directly to the public and then said he would do the same.

Other context in the report

Kucoin reports that together with founder and employee pledges, about 20% of Anthropic’s shares now go to the public good, according to the company. The article says planned uses include direct payouts and work related to AI’s effect on the labor market. It also notes that SpaceX President Gwynne Shotwell and her husband donated company stock to Trump Accounts for children in Central Texas in July. The report says Anthropic is moving toward a planned November stock listing, while Musk has predicted SpaceX could reach a $100 trillion valuation.