Elon Musk promised on Monday to give one share of his company SpaceX to every child in America next year (Getty Images)
Billionaire Elon Musk has promised to give one share of SpaceX to every child in America. He said this was the first of many such plans.
Musk made the announcement on Monday after AI company Anthropic said it would set aside 5% of its shares for a newly created public benefit fund. The fund is designed to grow in value as the company grows.
Anthropic was founded as a public benefit corporation by its CEO, Dario Amodei, and five other founders. The company is moving toward a very large stock market launch, possibly as early as November, after filing confidential paperwork with the US Securities and Exchange Commission (SEC) in June.
SpaceX became a publicly traded company in June. This made Musk the world's first trillionaire. Its shares closed at $146.03 on Friday, before the company released its quarterly earnings report.
Both tech leaders made their announcements as public concern about technology grows. An AP-NORC poll found that 64% of Americans believe artificial intelligence is developing too quickly.
