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Musk to start giving SpaceX shares to every child in the US

GPentelie
@GPentelie
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About $150/share x about 70 million kids = about $10.5 billion.

And, it appears, much more to follow. This won't start until June next year, because the shares are subject to lock-up restrictions for 366 days from the June 12, 2026 IPO date.

I'm guessing this will be done via the Trump Accounts mechanism. Awesome. It would be great to see more of that. Michael Dell, now Elon Musk. Who'll be next, I wonder?

PS:

What have you done for the kids, Bernie "Billionaires! Billionaires! Billionaires!" Sanders, et al.?

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  • GPentelie@GPentelie
    Edited

    Related:

    "Elon Musk has a mantra: "The best part is no part." In engineering, it means the most reliable component is the one you deleted. A part that doesn't exist can't break, can't cost, can't fail. This weekend, he applied it to human systems. I think we'll look back on it as one of the defining moments of the 21st century.

    A. Two announcements, 24 hours apart.

    Sunday night, Anthropic announced its Public Benefit Fund. 5% of its shares to start, up to 2% more for every 50% increase in value, at the board's discretion. Roughly 20% of the company committed to "the public good." Who decides where the money goes? Governance details "in the coming months." Musk replied with one sentence: "I recommend giving the shares directly to the public." Monday morning, he did it himself. One SpaceX share to every kid in America next year. The first of many.

    Same problem. Same moment. Two opposite answers.

    B. The fork.

    We are at a turning point for humanity. …"

    The rest:

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