Elon Musk Pledges SpaceX Shares to Every American Child in 2027

Elon Musk said on X Monday that he will give one of his SpaceX shares to every kid in America in 2027, adding that "This will be the first of many."

SpaceX: The latest US Census Bureau data showed approximately 73 million children under the age of 18 living in the US, and with SpaceX shares closing Friday at $146.03, 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 being placed on SpaceX satellite internet services that the Ukrainians 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."

RELATED: Ukraine's Starlink Dispute With SpaceX Raises Questions About US Role

For Context: Elon Musk has, over the past three months, given $276 million to several 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."

READ MORE: Elon Musk Gives $276 Million to Republican Groups Ahead of Midterms

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