Musk Pledges 72 Million SpaceX Shares to U.S. Children, a $10.6 Billion Giveaway
Updated
Updated · Fox News · Oct 26
Musk Pledges 72 Million SpaceX Shares to U.S. Children, a $10.6 Billion Giveaway
3 articles · Updated · Fox News · Oct 26
Summary
One SpaceX share for every U.S. child in 2027 is Musk’s new pledge, implying distribution to more than 72 million minors at a value above $10.6 billion based on Oct. 23’s $147.49 close.
The promise came a day after Anthropic said it would commit 5% of its equity to a public benefit fund, after Musk argued companies should give shares directly to the public.
Key mechanics remain undefined: Musk has not said whether eligibility covers all minors or only citizens, how families would receive shares, or whether taxes or resale restrictions would apply.
Trump Accounts could offer one route because new rules allow donations of publicly traded shares, but that program has its own enrollment and holding requirements and does not automatically fit Musk’s broader pledge.
The plan adds to a wider debate over how tech wealth should be shared, while creating an opening for scams targeting parents before any official process is announced.