Elon Musk pledges a share of SpaceX company to 'every kid in America'

Billionaire Elon Musk on Monday pledged to give one share of his company SpaceX to "every kid in America."The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5 per cent of its shares to a new "public benefit" fund.US MarketsPowered ByAs on 17 Oct 2026, 01:30 AM ISTS&P 500 Top GainersTarga Resources294.90(4.37%)Diamondback Energy203.95(4.27%)EOG Resources158.01(4.20%)Kinder Morgan34.20(4.20%)Gainers»S&P 500 Top LosersSuper Micro Computer31.63(-9.86%)Coterra Energy32.56(-8.62%)Moderna218.01(-7.82%)Palo Alto Networks342.00(-7.63%)Losers»In a response to that Sunday post, Musk wrote: "I recommend giving the shares directly to the public."SpaceX's stock closed at USD 146.03 on Friday.Anthropic said Sunday that the shares it is committing will go to the Anthropic Public Benefit Fund, a new entity within the company.

The fund's worth will potentially increase as the shares grow in value.Live EventsAnthropic CEO Dario Amodei and the company's five other cofounders established Anthropic as a public benefit corporation, a designation that for-profit companies select to balance financial goals and social impact.Anthropic is planning a massive initial public offering as soon as November. In June, the company said that it had submitted a confidential filing with the US Securities and Exchange Commission for its proposed IPO.That same month, Musk's SpaceX made its Wall Street debut as a publicly traded company and made Musk the world's first trillionaire.(You can now subscribe to our ETMarkets WhatsApp channel)