Musk Pledges SpaceX Stock to Each US Child & “Hot” Haunt Sliders are Booming for Amusement Parks

SPEAKER_1 (0:01)

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Neal Freyman (0:24)

Good Morning Brew Daily show. I'm Neal Freyman.

Toby Howell (0:27)

And I'm Toby Howell.

Neal Freyman (0:28)

Today, Elon Musk wants to give one SpaceX share to every child in America, but how?

Toby Howell (0:34)

Then the internet is obsessed with hot, haunt Halloween sliders. It's Tuesday, October 20th. Let's ride.

Neal Freyman (0:47)

A brand new baseball champion will be crowned. The Tampa Bay Rays defeated the Guardians last night to reach the World Series where they'll face the Milwaukee Brewers in a battle of the Virgins. Neither of these clubs has ever won a World Series. Toby, congratulations. You grew up in the Tampa area, and I know you've been following this Rays run closely, but I am curious.

Can you name three players on the team?

Toby Howell (1:09)

Okay. This is a business podcast, not a sports podcast, Neal. I am just going to go on record though and defend the Rays' honor a little bit. Trump Canna Field, widely considered the worst ballpark in the MLB, and I get it. People say it feels like a dark lifeless warehouse. It's not even located in Tampa. Pinnable attendance, zero atmosphere, but go watch some of these highlights, Neal, and you'll see the crowd pops of a great World Series run, and you will see that the trop has some juice. Did I just use that to divert from the fact that probably not? But that's not important. It's about the vibes, Neal.

Neal Freyman (1:42)

I think I have to root for the Brewers. Brew Crew. Brewers.

It's literally, I'm a company man. I've been here for almost 10 years. But also, yeah, they just seem like an awesome team. They haven't been in the World Series since 1982 They've been really good for a bunch of years now. Really small market. And yeah, their home park is a lot more rocking than Tropicana Field, though. Every single one pretty much is. So I am putting my stake in the ground, and I'm going to say, let's go Brewers.

Toby Howell (2:12)

All right.

Junior Caminero, Yannis Diaz and Shane McLaughlin, McClannahan. All right. Now we're from our sponsor, Liberty Mutual. Hey, Neal, how come we don't have a mascot here at Morning Brew?

Neal Freyman (2:25)

What would our mascot even be?

Toby Howell (2:27)

What about an emu who runs around helping people customize their car and home insurance, and maybe could have a friend named Doug who helps them out?

Neal Freyman (2:35)

That's the Liberty Mutual mascot. We can't just do one for one copy. And why would Morning Brew not do something coffee related like a big mug?

Toby Howell (2:42)

No one ever takes my bird related suggestion seriously around here.

Neal Freyman (2:46)

The important thing to remember here is that Liberty Mutual customizes your car and home insurance to save you money. Start your quote at Liberty mutual.com. That's Liberty mutual.com.

In the past, if you got really rich and wanted to give away your fortune, you'd slap your name on a hospital wing, a university department, or a library.

Now you give children an equity stake in your rocket company. Elon Musk shook up the philanthropic world on Sunday evening when he pledged to give every kid in America one share of SpaceX next year without providing details on how he'd do it. Musk could certainly afford the donation, the world's richest man. He's worth $900 billion and the cost of this proposal would be just north of 10 billion. But his stock pledge shows how giving is changing as the AI boom mints new millionaires, billionaires, and even trillionaires with different philanthropic guiding principles. In fact, Musk's stock pledge came in response to another charity plan outlined by Anthropic earlier on Sunday. Ahead of its upcoming IPO, the AI company said it would dedicate 5% of its shares to a fund that would make donations to nonprofits, including causes that would mitigate labor market disruptions caused by the very technology it's developing. With that amount potentially totaling $100 billion, it's being called possibly the largest commitment of philanthropic capital ever made. Toby, I was kind of warming up to the sound of the Freyman Learning Center, but it seems that's not in vogue anymore.

Toby Howell (4:08)