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Musk plans SpaceX stock giveaway to children via Trump Accounts

Confirmed1 source · Oct 19, 2026

Elon Musk announced he would distribute one SpaceX share to every child in America next year through newly created Trump Accounts, a tax-advantaged savings vehicle.

Musk plans SpaceX stock giveaway to children via Trump Accounts
Image via The Verge

What happened

Elon Musk said he would give one SpaceX share to every child in America sometime next year. President Trump announced that these shares would be deposited into Trump Accounts, tax-advantaged accounts for minors. Musk stated this would be the first of many such contributions. Based on SpaceX's stock valuation on Friday, 72 million shares would be worth approximately $10.5 billion. Other wealthy donors including Michael and Susan Dell, Ray and Barbara Dalio, Brad Gerstner, and SpaceX president Gwynne Shotwell have also pledged contributions to Trump Accounts.

Context

Trump Accounts were automatically created for approximately 60 million children in October, with over 70 million accounts created overall by the time of this announcement. The accounts function as tax-advantaged savings vehicles. Musk's proposed contribution would represent a substantial transfer of equity into these new accounts and signals a pattern of high-profile donors committing funds to the initiative.