Elon Musk says that in the coming year he will give one of his SpaceX shares to every kid in America.
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Beijing has proposed banning exports of the technology used to make next-generation solar cells, a move that could complicate United States technology guru Elon Musk’s plan to expand into space solar power. The ban, which covers production technology for perovskite and tandem solar cell modules, is part of a proposal by China’s Ministry of Commerce […]
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Rosie O'Donnell spewed another conspiracy-soaked screed about the upcoming midterm elections being rigged to her millions of followers on the Chinese social media platform TikTok.
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Anthropic says it plans to commit five percent of its shares to a newly created "Public Benefit Fund," a move that would need stockholder approval before taking effect after the company's hotly anticipated IPO which could occur as soon as November.
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Elon Musk is vowing to give "every kid" in the United States a share of his SpaceX company next year, promising, "This will be the first of many."
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Alex Gibney’s "Musk" earned a paltry $307,000 despite debuting on 468 screens after opening last weekend on four screens. That’s a per-screen average of $649.
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The $48bn giveaway comes amid concerns about the tech and as the company prepares for a stock market listing
Anthropic has said it will commit 5% of its shares to a fund for the “public good”, as the AI developer behind the Claude chatbot seeks to bolster its appeal before its stock market listing.
The company announced it would commit the shares, worth around $48bn (£36bn) at its latest valuation in May, subject to shareholder approval. It will add a further 2% of its stock to the fund for every 50% increase in its value above an undisclosed baseline.
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© Photograph: Dado Ruvić/Reuters
© Photograph: Dado Ruvić/Reuters
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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.
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Anthropic's announcement that it will commit at least 5% of its shares to a "public benefit fund" is drawing a mix of enthusiasm and skepticism. Many questions about how the fund would work remain unanswered, but the company said it would create a separate corporation with the shares to make donations.
Here's what people are saying.
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Musk, whose SpaceXAI is a competitor of Anthropic, made some news about his own plans in an X post reacting to Anthropic's statement.
"I recommend giving the shares directly to the public," he wrote. "This is what I will be doing."
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The Anduril Industries cofounder expressed concern about what Anthropic might fund.
"The problem is that their definition of 'public good' is helping everyone else, not the American public," he wrote on X.
"If they would commit to helping America and Americans, that would be one thing, but this reeks of USAID 2.0, just another way to funnel billions out of our own economy."
The prominent AI analyst zeroed in on a line in Anthropic's statement in which it said it might explore "direct distributions to specific populations." Curran wrote on X.
"It sounds to me like they are planning their own form of self-directed global UBI," he wrote referring to universal basic income, which some have said will be necessary if AI drastically reduces employment.
"About half of Anth employees are also donating shares into this fund," Curran added. "They foresee a transformative future."
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Gerstner praised Anthropic for what he called its "philanthropic commitments," calling it "an extraordinary gift" — but he also sounded a note of caution about "foundation wealth concentration."
Like Musk, he wrote, "I hope a meaningful portion of AI's wealth is a direct dividend."
The CEO drew a comparison between Anthropic's plan to create a charity and OpenAI, which began as a nonprofit before going commercial.
"This will come to be known as 'the reverse OpenAI'" he wrote on X. "start as C corp, raise lots of money > once successful, start 'independent' non profit > start concentrating value into this new entity, which you and your homies control."
"It's genius," he added.
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Marcus cast the announcement as a PR gambit.
"Anthropic is playing games here," he wrote on X. "Trying to curry public favor while still holding control and resisting disclosure is annoying. And reeks of desperation."
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Moorhead was among those raising questions about whether Anthropic would have too much control over where the funds go.
"If it's dedicated entirely the 'public benefit' why don't they just give it to the public and citizens where they can directly benefit? Seems like the public would know what to do with the money better than bureaucratic institutions," he wrote on X.
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Venture capitalist and the Trump administration's former AI czar, David Sacks, responded to a post from Anthropic cofounder Jack Clark, who said the public benefit pledge would mean around 20% of Anthropic's equity would be "dedicated to the public good."
"You've put 20% of your equity in an LLC. Whether it serves the public good remains to be seen," wrote Sacks on X.
Sacks has previously been a fierce critic of Anthropic, attacking the company's proposal that the world's top AI labs should implement a global pause on the technology and accusing Anthropic of attempting to "kneecap" open-source rivals.
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"Behold, the EA infinite money glitch…" Uber cofounder Travis Kalanick wrote, quote-tweeting Anthropic's blog post.
EA refers to effective altruism, a philosophy popular in some corners of Silicon Valley (and unpopular in others) that holds that people should use their money and careers to maximize long-term benefit to humanity.
Several of Anthropic's cofounders and early investors have ties to effective altruism, although the company and its top executives, Dario and Daniela Amodei, have distanced themselves from the movement.
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Kevin Roose, a former New York Times tech columnist and the author of "The AGI Chronicles," wrote on X that Anthropic's pledge could be the "largest commitment of philanthropic capital ever made."
Roose estimated that the share pledge could be worth $200 billion if Anthropic goes public at a $1 trillion valuation.
"By my count, if Anthropic and OpenAI each go public at $1 trillion (again, probably conservative), that's roughly $460 billion, or 5 Gates Foundations, earmarked for philanthropy-shaped things," he said.
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