Musk pledges to give SpaceX share for every US child

Key points

• Elon Musk has announced he will give every child in the United States one share in SpaceX in 2027. The billionaire said on X that this would be the first of many such initiatives, but gave no details on how the plan would work.
• Distributing one share to each of the roughly 70 million under-18s would cost more than $US10 billion at the current share price.
• The announcement follows rival AI company Anthropic's move to place 5 per cent of its shares into a public benefit fund.