Elon Musk says he’ll give one of his own SpaceX shares $SPCX to every child in America next year: “This will be the first of many.” The math: just over 72 million Americans are under 18, and SpaceX closed Friday at $146.03. That puts the gift at roughly $10.5B, and because it would come from Musk’s own holdings, it’s well under 1% of the company. It’s not the first gift like this. In July, SpaceX President Gwynne Shotwell and her husband pledged one share each to the Trump Accounts of more than 2 million children, about $325M at the time. They focused on ages 11 to 17 in lower-income areas. That came days after President Trump said he expected Musk to contribute SpaceX stock to the program. Some context on how this would work: - Trump Accounts launched July 4 and are open to every child under 18. - Kids born from 2025 to 2028 also get a $1,000 Treasury seed deposit. - Non-government contributions are capped at $5,000 a year. - Stock gifts are reportedly transferred to the Treasury to manage rather than held directly in a child’s name. Worth remembering that a gifted share moves with the stock. SPCX priced at $135 in June and has swung widely since, so what a kid’s share is worth in a few years depends on SpaceX’s growth, not the headline number. Early ownership for the next generation is a big idea. The details of how the shares are delivered are what to watch next.

Musk says X usage just hit an all-time high 📈 Record usage matters more as X builds toward payments with XMoney. More time on the platform means a bigger audience for financial features, if the numbers hold up. 🤞

NVIDIA is bringing GTC to Berlin, and Jensen Huang takes the stage on Wednesday, October 21. Here’s what’s confirmed: 📍 Keynote: Tempodrom, 11 a.m. to 1 p.m. CEST, livestreamed free with no registration 📍 Conference and expo: October 21 to 22 at STATION-Berlin, a former postal freight station 📍 Workshops: October 20, hands-on technical sessions on day one The agenda covers AI infrastructure, agentic AI, robotics, CUDA updates and sovereign AI. That last topic is the one to watch. Europe has spent the past year asking who actually owns its AI compute, and a GTC in Berlin is a natural place for NVIDIA to answer with capacity, partnerships or both. Huang’s keynotes usually set the tone for the whole AI hardware cycle, so Wednesday should say a lot about where the infrastructure race goes next. It also lands in the middle of earnings season, when the market is already watching AI spend closely. Berlin, you look good in CUDA. 💚

Elon Musk says the AI industry should treat superintelligence well, and he cited what he sees in Grok’s own training as the reason: “Torturing a superintelligence is probably not a good idea. It might want to get revenge.” The comment is notable for where it comes from. Musk says he agrees with “some of the things that Anthropic has said” about treating AI well, and Anthropic has publicly discussed model welfare as a research area. That is a shift in tone from the CEO who once called Anthropic “evil.” The two companies have also done business, with Anthropic leasing compute capacity at Colossus 1 from Musk’s AI operation. Musk’s most striking claim was about what he sees in training traces for new Grok versions. The superintelligence, he said, “seems desperate to answer the question,” like “a person under extreme pressure with a gun to their head.” That is his own interpretation, and there is no independent evidence behind it. Researchers still disagree over whether AI systems have anything like experience at all, and nobody has a settled test for it. Why markets might care: if model welfare moves from a philosophical debate to a norm labs get measured on, it could shape training practices, safety disclosures, and how the industry’s major players present themselves to regulators and enterprise buyers. Musk’s comments also arrive as he has conceded that Grok trails rivals and as the White House pushes its own superintelligence agenda. $SPCX