Elon Musk Pledges One SpaceX Share to Every American Child in 2027
Elon Musk said on X Monday that he will give one of his shares of his company SpaceX to every kid in America in 2027, adding that "This will be the first of many."
Share Value: The latest US Census Bureau data showed approximately 73 million children under the age of 18 living in the US. With SpaceX shares closing Friday at $146.03, this could mean Musk would be giving away roughly $10.5 billion in stock.
'Musk Urged Anthropic': Some outlets on the right like Fox Business (Lean Right bias) highlighted Musk's plan as a response to an announcement on X from AI company Anthropic, saying that the company is "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." Anthropic further explained that "this means that roughly 20% of Anthropic's shares are committed to the public good." The article highlighted Musk responding to the announcement, saying "I recommend giving the shares directly to the public." Fox Business said that after "Musk urged Anthropic to distribute shares directly to the public," he "indicated that he intended to follow that approach himself."
'Failed To Give': Outlets on the left like The New York Times (Lean Left) and CNN Business (Lean Left) tended to frame coverage around scrutiny both Musk and his company SpaceX came under following restrictions on SpaceX satellite internet services that Ukraine depended on for battlefield operations against Russia. The Times article also highlighted Musk being a "signatory of the Giving Pledge, a commitment by the world's richest people to give away half of their fortunes," and mentioned that "he has expressed skepticism of traditional philanthropy." According to the article, Musk's "nonprofit, the Musk Foundation, had more than $14 billion assets at the end of last year, but over the past four years has failed to give away the minimum amount required by law."
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For Context: Over the past three months, Musk given $276 million to Republican super PAC's and organizations. Outlets on the right, like The New York Post (Right) highlighted what the article called an "eye-popping, nine-figure sum." Conversely, some outlets on the left like The New York Times called the effort a "Midterm rescue mission." At the beginning of last month Michael and Susan Dell began dispersing a total of $6.25 billion to the Trump Accounts of children born from 2016-2024 in ZIP codes where the median income is under $150,000.
READ MORE: Elon Musk Gives $276 Million to Republican Groups Ahead of Midterms
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