Musk Pledges SpaceX Shares to Every US Child Through Personal Holdings

Elon Musk has pledged to distribute one share of Space Exploration Technologies Corp. to every American child next year, a transfer covering roughly 70 million to 73 million minors valued between $10.5 billion and $12 billion. Funded directly from Musk's personal holdings without diluting existing company shares, the gifts are expected to utilize federal Trump Accounts, which require parent activation and impose a five-year lockup. The pledge followed Anthropic's commitment of 5% of its equity to a public benefit fund, sending SpaceX shares up as high as $158.59.