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

Musk's pledge on SpaceX shares

Yahoo Finance reports that Elon Musk said he plans to give one share of SpaceX to every child in America starting next year. The article says Musk described the promise as the first of several, but did not provide many details about how it would work. A question raised in the report is the age cutoff: it is not clear whether he meant children under 17, under 18, or some other group.

Possible size of the giveaway

According to Yahoo Finance, the value of the pledge could be more than $10 billion depending on how it is counted. The report says SpaceX closed Friday at $146 per share and that the stock was slightly higher on the day of the segment. If the promise covered nearly 73 million children in the U.S. under age 18, the total would be about $10.7 billion.

Musk links AI to debt and growth

The report says Musk also argued that artificial intelligence could be the only way to deal with the growing U.S. national debt. In remarks from the podcast "The Builders with Walter Isaacson," which is scheduled to be released tomorrow, Musk said the country would not solve the debt problem by cutting spending alone. Yahoo Finance quoted him as saying, "the only way we're going to solve the national debt is with AI and robots."

Broader AI investment and policy context

Yahoo Finance says Musk's comments came as investors were also watching upcoming earnings from SpaceX and Tesla, due tomorrow and Wednesday, respectively. The report notes that Anthropic is preparing for a large initial public offering and says the company plans to set aside 5% of its shares for a public benefit fund, with the figure possibly rising to around 20% as the company grows. It also says Anthropic co-founder Jack Clark has projected that AI could boost U.S. GDP from about $33 trillion to $44 trillion in four years, and that another model suggests GDP could reach $44 trillion by 2030.

Relation to Trump's child account plan

The article says these AI-related investments come after President Trump's "Trump accounts" initiative, which gives $1,000 to American children born between 2025 and 2028. Yahoo Finance says the segment ended with the hosts noting that the program has attracted a lot of attention.