Elon Musk, CEO of SpaceX, has announced a plan to distribute one share of SpaceX stock to every child in the United States next year.
The move is interpreted as an effort to return his wealth to future generations, though specific execution plans have not yet been disclosed.
Musk posted on X yesterday, stating, "Next year, I will give one share of my SpaceX stock to every child in the United States," adding, "This will be just the beginning of many things."
Bloomberg estimated that if Musk were to actually provide one share each to the approximately 72 million children under the age of 18 in the U.S., it would require about $10.5 billion, or approximately 3.966 trillion won.
This calculation is based on the current SpaceX share price of $146 per share applied to the U.S. child population estimated by the U.S. Census Bureau.
Some analysts suggest that securing the funds would not be impossible given the scale of Musk's wealth.
According to the Bloomberg Billionaires Index, Musk's net worth exceeds 1,196 trillion won, with about 931 trillion won of that coming from the value of SpaceX stock.
As concerns grow over job losses and the polarization of wealth due to the spread of artificial intelligence, big tech companies are successively introducing initiatives to fulfill their social responsibilities.
The day before Musk's announcement, Anthropic announced that it would deposit 5% of its stock into a public interest fund.
Anthropic plans to use the public interest fund to mitigate the negative impacts of artificial intelligence technology advancement on the labor market and to create public value.
When Anthropic posted this news on X, Musk commented, "I encourage giving stock directly to the public."
However, Musk has not yet disclosed specific plans, such as the age eligibility for the stock distribution, procedures, or the method for raising funds.
Reported by Park Se-won | Video by Kim Gi-hyeon | Graphics by Yook Do-hyun | Produced by SBS Digital News
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