Skip to content
Sign In Subscribe
Artificial Intelligence — Education — Business

Musk Pledges SpaceX Shares To Children Amid Growing AI Backlash

With around 73 million Americans under 18, the proposal could represent a significant transfer of company ownership if implemented as described.

,   and  TIPP Staff
2 min read
Pic via X

Elon Musk has pledged to give every American child a share in SpaceX next year, potentially creating a giveaway worth $10.7 billion, according to CNN. However, he has not explained how the shares would be distributed or established eligibility requirements.

SpaceX shares closed at approximately $146 on Friday. With around 73 million Americans under 18, the proposal could represent a significant transfer of company ownership if implemented as described.

💡
Musk announced the plan on X after artificial intelligence company Anthropic revealed plans to allocate at least 5% of its shares, valued at $48 billion, to a fund supporting social causes. Anthropic said the initiative could help address challenges arising from AI, including potential job losses.

Musk argued that shares should go directly to the public instead. Both announcements come amid growing scrutiny of technology companies over AI safety, employment disruption and the environmental costs of expanding data centres.

The proposal’s implementation remains unclear.

Related Tweet:

Also Read:

US Measles Cases Surge Past 4,400 As Outbreaks Spread Across 45 States
About 96% of reported cases involved people who were unvaccinated or whose vaccination status was unknown, highlighting persistent gaps in immunization coverage.
tippinsightsTIPP Staff

Comments

Related

Trump Gives Content Creators Economic Boon
Business

Trump Gives Content Creators Economic Boon

“This historic guidance cuts through outdated classifications and gives qualifying creators greater clarity as they build businesses, create jobs, and compete and build for the future,” Loeffler said.

,   and  TIPP Staff
Members Public

Latest

More than half of Americans say they have held back their political or social views out of concern about the consequences, according to the October TIPP Poll. (Illustration)
TIPP Polls

The Silent Half

More than half of Americans have held back their political or social views, a new TIPP Poll finds, with self-censorship especially common among Republicans, higher earners, and working-age adults.

,   and  tippinsights Editorial Board
Members Public