The SpaceX logo is displayed on the screen of a smartphone placed on a reflective surface onto which a stock market chart is projected, in Creteil, France, on June 2, 2026. SpaceX has filed for an initial public offering (IPO), paving the way for a p
Elon Musk said Monday he plans to give every child in America one share of SpaceX next year, a sweeping pledge that echoes his recent push for tech companies to distribute equity directly to the public.
What they're saying:
Musk announced the plan in a post on X, calling it "the first of many" giveaways. He offered no details on how the distribution would work, how eligibility would be verified, or how the privately held company would manage the transfer of shares.
Dig deeper:
The pledge followed a weekend exchange with artificial intelligence company Anthropic, which outlined a plan to dedicate a portion of its equity to a new public benefit fund. Anthropic said it would commit roughly 20% of its shares to public-good initiatives, with co-founders pledging to donate 80% of their personal equity.
Musk urged the company to go further, recommending that shares be given "directly to the public." Hours later, he said he would adopt that approach himself through SpaceX.
Big picture view:
Musk, who leads both Tesla and SpaceX, has increasingly framed broad equity distribution as a way to share the financial upside of fast-growing tech companies. But his latest promise raises significant logistical and legal questions, including how a private aerospace firm valued in the hundreds of billions would execute a mass share transfer to tens of millions of minors.
What we don't know:
The billionaire did not say when additional details would be released or whether the plan has been reviewed by regulators.
The Source: This story was written with information provided by the X account of Elon Musk and reporting from Fox News Digital. This story was reported from Orlando.