Elon Musk pledged to distribute a share of SpaceX to each American child after competitor Anthropic PBC said it would set aside a portion of its shares for the public benefit.
“Next year, I will give one of my SpaceX shares to every kid in America,” the company’s chief executive officer wrote on X, the social media platform he owns. “This will be the first of many.”
It’s not clear how such share contributions would work, and Musk did not elaborate on his donation plans.
There are around 73 million children under the age of 18 in the United States, according to 2024 data from the US Census Bureau.
Musk owns 38 percent of SpaceX, according to Forbes.
His announcement comes after President Donald Trump promised last month to give every American adult $5,000 if his Republican party retains control of Congress in November’s midterm elections.
SpaceX set the record for the largest initial public offering in history, raising $85.7 billion in June.
The company’s Starship megarocket reached orbit for the first time in September, a milestone for the rocket central to Musk’s Mars ambitions.
