❌

Normal view

Disorder in Paris shut down the world's busiest and most famous museum

19 October 2026 at 13:34
Crowd with strike banners stands outside the Musée du Louvre pyramid entrance in Paris.
Protesters blocked the entrances to the Louvre Museum on Monday to express their support for a nationwide high school student protest movement.

Luc Auffret/Anadolu via Getty Images

  • The Louvre Museum said Monday it had closed its doors after student protests blocked its entrances.
  • Riots and unrest have swept France in recent weeks, with violence erupting in Paris this weekend.
  • The home of artworks like the "Mona Lisa" and the "Venus de Milo" gets around 9 million visitors a year.

The Louvre, the world's busiest and best-known museum, has shut its doors as disorder sweeps Paris.

The museum, home to some of the planet's most famous artworks, such as the "Mona Lisa" and the "Venus de Milo," said Monday that it had closed after protesters blocked its doors, extending the disruption beyond a weekend of demonstrations and riots across France.

"Dear visitors, due to student strikes the museum is currently closed. We apologize for the inconvenience," the Louvre said in a post on X. It gave no reopening time, and did not say whether it would reopen on Monday.

Students from the École du Louvre led the blockade in support of a nationwide high school protest movement and to denounce what they called police repression, AFP reported, citing museum management and unions.

The Louvre is visited by about 9 million people annually, making it by far the world's most visited museum.

Monday's shutdown bookends a difficult year for the museum. On this exact date last year, four thieves broke into the Apollo Gallery and stole eight pieces of France's crown jewels, valued at around $100 million.

The closure followed a weekend of protests over rising living costs and conditions in schools, with violence and looting in several French cities.

A Paris shopkeeper whose gold-buying store was broken into told Business Insider's Nathan Rennolds that thieves had "taken everything." He also found a Nicolas wine store on Sunday, its windows smashed and shelves picked clean.

Employees at a nearby boutique said they had hired extra security but closed early as the violence intensified.

At least 2,400 people were arrested after the weekend unrest, according to the Associated Press.

After an emergency meeting on Monday, French Prime Minister Sébastien Lecornu said he had instructed regional officials to impose limited, localized curfews.

In a separate statement, President Emmanuel Macron's office said the president had ordered a review of failures in security planning and intelligence gathering.

Read the original article on Business Insider

Elon Musk says he'll give every child in America a share in SpaceX

19 October 2026 at 09:43
Elon Musk stands in a suit and tie amid a blurred outdoor crowd.
Elon Musk announced on X that he intends to give every child in America a SpaceX share.

Finn Gomez/Getty Images

  • Elon Musk says he'll give a SpaceX share to every child in the US next year.
  • That would be a $10.5 billion gift based on SpaceX's stock price and roughly 72 million recipients.
  • Musk said this would be the "first of many" SpaceX share giveaways but didn't offer further details.

Elon Musk says he'll give every child in the US a piece of his space company, a gift worth around $10.5 billion today.

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

Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.

— Elon Musk (@elonmusk) October 19, 2026

There are roughly 72 million children in the US based on 2025 census data, and SpaceX stock closed at $146 on Friday. If Musk donated 72 million shares right now they would be worth around $10.5 billion.

Musk didn't provide any further details on how the giveaway would work, such as eligibility criteria or specific timing, or whether the shares will be transferred to Trump Accounts.

The Tesla and SpaceX CEO is the world's richest person, with an estimated net worth of $904 billion as of Friday's close, per the Bloomberg Billionaires Index.

SpaceX — the company behind Falcon rockets, Starship launch vehicles, Starlink satellites, the AI chatbot Grok, and X — went public this summer and has a market capitalization of about $2 trillion.

Excluding restricted shares and options, Musk owns 4.77 billion SpaceX shares for about a 36% stake, worth just under $700 billion at Friday's close. The rest of his fortune largely comprises his stakes in his other companies, including Tesla, Neuralink, and The Boring Company.

Donating 72 million shares would reduce Musk's number of SpaceX shares by 1.5%. If, as indicated in his X post, he follows that up with further giveaways, his stake could shrink significantly.

Musk's pledge is part of a broader trend of gifting shares to America's children, aimed at ensuring they all own a piece of the stock market and reap its gains over time, and benefit from a lifetime of compounding wealth.

The Trump administration launched Trump Accounts — tax-advantaged investment accounts — for eligible children this summer, with those born between 2025 and 2028 receiving a $1,000 federal seed deposit. Numerous companies have agreed to contribute to them as well.

Michael and Susan Dell contributed $250 to 25 million American children's Trump Accounts earlier this month, a gift totaling $6.25 billion that was allocated first to those in the lowest-income ZIP codes.

SpaceX President Gwynne Shotwell and her husband pledged in July to give shares of SpaceX to more than 2 million children.

Musk shared his SpaceX gift idea after Anthropic pledged to commit 5% of its shares to a public benefit fund.

"I recommend giving shares directly to the public," he replied on X. "This is what I will be doing."

Another X user described Anthropic and Musk's pledges as "the beginning of universal basic income." Musk corrected him, writing *universal high income."

Musk has predicted that advances in AI, robotics, and other technologies will usher in an age of abundance in which everyone can have "whatever stuff they want."

He's recommended people stop saving for retirement in 10 or 20 years as their nest eggs will be "irrelevant," and has proposed government checks for all as the best response to job losses from AI.

Correction: October 19, 2026 — An earlier version of this story incorrectly described SpaceX as a private company. It went public in June 2026.

Read the original article on Business Insider

❌