Elon Musk pledges SpaceX share to every child in America

Elon Musk pledged on Monday, October 19, to give one SpaceX share to every child in America, Economic Times Markets reported. The announcement represents a promise of equity ownership, rather than a completed distribution; the report gives no timetable, eligibility rules or mechanism for transferring the shares.

The pledge followed Anthropic's Sunday announcement that it would commit 5% of its shares to a newly created Anthropic Public Benefit Fund within the company. Responding to that announcement, Musk advocated distributing shares directly to the public. The two proposals differ in their intended recipients: children under Musk's pledge, and a fund under Anthropic's commitment.

The report put SpaceX's Friday closing share price at $146.03 and said its June stock-market debut had made Musk the world's first trillionaire. It also reported that Anthropic, established by chief executive Dario Amodei and five other cofounders as a public benefit corporation, was considering an IPO as early as November after announcing a confidential US Securities and Exchange Commission filing in June. That corporate designation allows a for-profit business to balance financial objectives with social impact. The proposed fund's value would depend on the value of the shares it holds.