The Canada Brief

Tech · 15 d ago

SpaceX Starship rocket on its launch site

Hotel Pika · CC BY-SA 2.0 · Wikimedia Commons

Elon Musk pledges one SpaceX share to every child in America

Value of the pledge

10 US$ billion or more

At SpaceX's current price of US$146 a share, the gift would be worth more than US$10 billion, about one per cent of his net worth.

What we know

  • The gift is planned for 2027
  • Musk calls it the first of many

Not yet

  • How the shares will reach children

Musk says he will give the shares in 2027, directly to the public, but it is not clear how.

The pledge came hours after Anthropic said it would put 5 per cent of its shares into a public benefit fund, which Musk said should give directly to the public.

Children in the United States

70 million under 18

There are more than 70 million children under 18 in the United States, according to the Federal Interagency Forum on Child and Family Statistics.