Musk vows to give SpaceX shares to “every kid in America”

Elon Musk on Monday pledged to give one share of his company SpaceX to "every kid in America" next year.

The offer arrived a day after artificial intelligence company Anthropic announced in a social media post that it will commit 5% of its shares to a new "public benefit" fund.

Shares of SpaceX, which will report its quarterly earnings on Tuesday, closed at $146.03 on Friday and with approximately 73 million children under the age of 18 in the United States, that would put the value of Musk's pledge at about $10.66 billion.

Anthropic said Sunday the shares it is committing will go to the Anthropic Public Benefit Fund, a new entity within the company. The fund's worth will potentially increase as the shares grow in value.

In a response to that Sunday post, Musk wrote, "I recommend giving the shares directly to the public."

Musk did not provide further details on how his share pledge will be carried out, but did add in his post that "this will be the first of many."