Elon Musk's $10.5 bn SpaceX giveaway, Anthropic's 5% share fund: How will gifts work? Who pays tax? Scenarios explained
New Delhi, Oct. 20 -- Elon Musk has promised to give one SpaceX share to every child in the US next year, a pledge worth an estimated $10.5 billion. The announcement comes a day after artificial intelligence company Anthropic proposed setting aside 5% of its equity for a public benefit fund. Both plans aim to share corporate wealth, but questions remain over eligibility, distribution, governance and tax implications.
Elon Musk said on X on Monday that he plans to give one SpaceX share to every child in the US next year, describing the giveaway as "the first of many". With each share valued at about $146, the plan could be worth roughly $10.5 billion, based on an estimated 72 million US children under the age of 18.
However, Musk has not...
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