A child’s first investment could soon arrive courtesy of Elon Musk. On Oct. 19, he pledged to give one of his SpaceX (SPCX) shares to every American child in 2027. That promise came as SpaceX shares rose 1.32% on Oct. 19, the day of the announcement.
The announcement follows Anthropic’s commitment to allocate 5% of its shares to a public benefit fund, putting technology’s wealth distribution firmly in the spotlight. Musk advocated giving shares directly to the public, then offered his own proposal.
