Elon Musk's SpaceX stock giveaway to use Trump Accounts
President Donald Trump and Elon Musk plan to distribute SpaceX shares to every child in America via Trump Accounts, valued at $10.5 billion.
Stock photo for illustration only, not from the actual event
- Elon Musk plans to distribute SpaceX shares to every child in America next year.
- President Donald Trump confirmed the plan in a post on Truth Social.
- The 72 million shares are valued at approximately $10.5 billion.
President Donald Trump announced this afternoon that Elon Musk's upcoming SpaceX share distribution for children will be administered through Trump Accounts. Earlier in the day, Musk stated that he intends to give one of his SpaceX shares to every kid in America sometime next year.
Musk expressed gratitude to Trump Account booster Brad Gerstner for helping enable the initiative, while Trump appeared to solidify the plan by confirming it through a post on Truth Social.
Based on the valuation of SpaceX stock from Friday, 72 million shares would be worth approximately $10.5 billion, according to CNBC reporting. Musk added in a statement that this initiative will be the first of many to come.
Stock photo for illustration only, not from the actual event
Trump Accounts represent an innovative approach to savings and wealth-building policies in the United States. Integrating private tech equity from a high-profile aerospace company like SpaceX into such an account structure highlights a unique intersection between private sector entrepreneurship and public economic initiatives aimed at the younger generation.
Other notable figures mentioned in connection with the broader initiative include Michael and Susan Dell, Ray and Barbara Dalio, alongside SpaceX president Gwynne Shotwell.
Source: The Verge
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