Elon Musk has announced to give one SpaceX share to every child in the United States next year
Elon Musk, the world’s richest man has announced to give every American kid a slice of his SpaceX shares. “Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many,” the tech billionaire wrote on X (formerly Twitter).
Musk’s post comes after Claude-maker Anthropic announced to donate a portion of the company’s shares to the Anthropic Public Benefit Fund, a new wholly owned entity dedicated entirely to the public benefit. The company led by Dario Amodei said that for every 50% increase in the company’s value over a set baseline, it will contribute up to an extra 2%.
Elon Musk’s net worth
Elon Musk has an estimated net worth of $904 billion. As per the SEC filing in August, he owns about 4.8 billion SpaceX shares.
When considering his unvested awards and stock options, the number rises to 6.4 billion.It is estimated that America’s roughly 72 million children under the age of 18 would each get one share currently worth $146.03, per SpaceX’s closing stock price on October 19. This totals to a whopping $10.5 billion worth of the aerospace company’s stock.
Elon Musk’s donation to kids comes after Anthropic committed 5% of its shares to fund
As mentioned above, Musk’s donation to kids in America comes hours after Anthropic announced plans to commit 5% of its shares to a new “public benefit” fund.
The Tesla founder responded to Anthropic’s announcement on X, writing: “I recommend giving the shares directly to the public.”“This is what I will be doing,” he said in another post then.Elon Musk has previously predicted that AI will lead to the era of abundance, where tech will do most of the work, thereby reducing the need for people to earn a living. He has also talked about universal basic income.“My prediction is that there will be effectively universal high income,” Musk said in an interview last month with state-owned China Media Group. “In fact, it’s not clear to me that money will even matter in the future.”“Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI,” Elon Musk posted to X in April this year.