# Musk, Anthropic Stock Plans Would Top $110 Billion if Anthropic Hit $2 Trillion By John Kim Canonical URL: https://www.tokenpost.com/news/business/36352 Published: 2026-10-21T04:54:30.000Z Updated: 2026-10-21T04:54:30.000Z Section: Business > At Anthropic’s last announced valuation of $965 billion, the same assumptions put the two proposals at about $58.9 billion combined. Anthropic’s proposed fund and SpaceX CEO Elon Musk’s planned share gift would be worth about $110.6 billion combined if Anthropic reached a $2 trillion valuation, illustrating the scale of the separate proposals. At that hypothetical valuation, an initial 5% stake in Anthropic would account for $100 billion. The remaining $10.64 billion values a possible SpaceX gift using the U.S. under-18 population and SpaceX’s Oct. 20 closing price of $147.79 at 4 p.m. ET (20:00 UTC). A July 1, 2025, population estimate counted 72,021,348 U.S. residents younger than 18. One share for each person at the Oct. 20 price would be valued at about $10.64 billion. The count is an assumption for the calculation: Musk has neither defined who qualifies as a child nor explained how he would deliver the stock. Anthropic announced its [plan to allocate an initial 5% of its shares to Anthropic Public Benefit Fund]() on Oct. 18. The allocation requires stockholder approval. Anthropic owns the fund, which could make nonprofit donations or distributions to selected groups, including efforts addressing AI’s effects on workers. Musk [said Oct. 19 that he plans to give one SpaceX share to every “kid in America”]() in 2027. He said the shares would come from his own holdings. His proposal describes gifts to individuals, while Anthropic’s would put shares in a fund owned by the company. Anthropic’s last announced funding round, on May 28, valued the company at $965 billion after the investment. A 5% stake at that valuation would be worth $48.25 billion. Adding the same illustrative SpaceX gift value produces a combined estimate of about $58.9 billion. Anthropic has not set a price for its proposed initial public offering. Anthropic’s board may add shares equal to 2% of the company for each 50% rise in its value above a baseline it has yet to disclose. That provision would follow the proposed initial allocation. Stockholders must approve the first 5% contribution, and Musk has targeted 2027 for his separate gift. ## Links in this article - [plan to allocate an initial 5% of its shares to Anthropic Public Benefit Fund](https://www.tokenpost.com/news/business/34539) - [said Oct. 19 that he plans to give one SpaceX share to every “kid in America”](https://www.tokenpost.com/news/business/34670)