Elon Musk promises to give one SpaceX share to every child in the US
News Source
β’2026-10-19T10:20:11-04:00
π° What Happened
Elon Musk says he will give one SpaceX share to every child in the US starting next year. With about 72 million children in the country, CNBC estimates the gift is worth around $10.5 billion.
The shares appear to go into Trump Accounts, tax-advantaged investment accounts for children. Musk thanked Brad Gerstner, who helped launch the accounts, and said the giveaway would be the first of many.
π The Backstory
SpaceX president Gwynne Shotwell has also promised shares to 2 million Trump Accounts. Dell's founder put $6.25 billion into the accounts, and Micron announced $250 million.
Musk has also given heavily to Republican election efforts. He donated $158 million to the Senate Leadership Fund in September, plus $76 million to the America PAC he founded.
π― Why It Matters
One share could grow into real money for a child. It also raises questions about how much influence the richest people have.
Elon Musk says he will give one SpaceX share to every child in the US starting next year. With about 72 million children in the country, CNBC estimates the gift is worth around $10.5 billion.
The shares appear to go into Trump Accounts, tax-advantaged investment accounts for children. Musk thanked Brad Gerstner, who helped launch the accounts, and said the giveaway would be the first of many.
SpaceX president Gwynne Shotwell has also promised shares to 2 million Trump Accounts. Dell's founder put $6.25 billion into the accounts, and Micron announced $250 million.
Musk has also given heavily to Republican election efforts. He donated $158 million to the Senate Leadership Fund in September, plus $76 million to the America PAC he founded.
One share could grow into real money for a child. It also raises questions about how much influence the richest people have.