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Elon Musk pledges to give every child in America a SpaceX share next year

Fox Business - Mon, 10/19/2026 - 12:39

Elon Musk has pledged to give every child in America one share of SpaceX next year, signaling that the planned giveaway could be the first of several.

"Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many," he wrote in a Monday post on X.

The pledge followed an exchange with artificial intelligence company Anthropic over its plans to dedicate a portion of its equity to public benefit initiatives.

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On Sunday, Musk urged Anthropic to distribute shares directly to the public after the company outlined its plans for the Anthropic Public Benefit Fund.

"We’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. It will start off with 5% of our shares. For every 50% increase in the company’s value over a set baseline, we can contribute up to an extra 2%, subject to our board’s discretion. In total, this means that roughly 20% of Anthropic’s shares are committed to the public good," Anthropic noted in a Sunday post on X.

"Our co-founders have already pledged to donate 80% of their equity, and around half our employees are donating a portion of their equity as part of a donation matching program we’ve run since our founding," the company added.

Responding to Anthropic's announcement, Musk wrote, "I recommend giving the shares directly to the public."

He then indicated that he intended to follow that approach himself.

"This is what I will be doing," he added in another post.

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Musk followed up Monday with his pledge to distribute SpaceX shares to American children, although he did not provide details about how the proposed giveaway would work.

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Musk and Anthropic pledge public share giveaways

BBC Business - Mon, 10/19/2026 - 12:38
Musk's announcement comes after Anthropic pledged to create a public benefit fund ahead of its blockbuster stock market listing.
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Elon Musk Says He’ll Give Every Child In America One SpaceX Share Next Year

Forbes Business - Mon, 10/19/2026 - 12:04
Musk’s announcement came hours after he reacted to Anthropic’s plan to dedicate 5% of its shares to a public benefit fund by urging it to give shares to the public instead.
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European stocks open in the red as French businesses count the cost of the riots

Euronews Business - Mon, 10/19/2026 - 11:56
European stock markets opened lower on Monday after a weekend of violent protests and looting in France, as business owners count the cost and accuse the government of failing to protect them.
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Turkey, Azerbaijan Quarrel Over Hijabs And Israel

Forbes Business - Mon, 10/19/2026 - 11:37
Close friends Erdogan and Aliyev, crucial allies and strategic partners of Trump, quarrel over Israel and Islamic dress codes
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High prices and interest rates: expert advice on managing your money

Euronews Business - Mon, 10/19/2026 - 11:28
Careful budgeting, managing borrowing costs, protecting cash reserves and limiting financial risks: experts tell Euronews how households and businesses can cope with inflation and high interest rates.
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