importantSYS.SOURCE: TechCrunch• 2026-10-19T12:42:55Z

Elon Musk Announces Plan to Distribute SpaceX Shares to All U.S. Children

#space #philanthropy #elonmusk

Elon Musk announced plans to distribute one SpaceX share to every child in the U.S., potentially worth over $10 billion, emphasizing direct public distribution. This pledge follows similar corporate philanthropy announcements and highlights Musk's evolving approach to wealth sharing.

Musk's post came just a few hours after Anthropic promised to put 5% of its shares into a new "public benefit fund," which it intends to use to make "large donations to traditional nonprofits or direct distributions to specific populations" after its upcoming IPO.

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