Trump says Musk's SpaceX share giveaway will flow through Trump Accounts
President Donald Trump said Elon Musk's plan to give SpaceX shares to children will be handled through Trump Accounts. Musk had promised earlier in the day to give one SpaceX share to every child in the U.S. next year. The White House said about 60 million tax-advantaged accounts were created automatically in October, and other wealthy donors have also pledged contributions.
Trump said the distribution of Musk’s SpaceX stock to minors would be routed via Trump Accounts. Earlier that day, Musk pledged a single SpaceX share to each American child in the coming year. He credited Brad Gerstner with helping make it possible, and Trump echoed the plan on Truth Social.
Based on Friday’s SpaceX valuation, 72 million shares would be worth about $10.5 billion, CNBC reported. Musk called it a beginning. Other donors—Michael and Susan Dell, Ray and Barbara Dalio, Gerstner, and Gwynne Shotwell—also committed to Trump Accounts. In October, the White House said automatic enrollment of roughly 60 million children helped push total accounts past 70 million.
If realized, the giveaway could give many U.S. children a small stake in a private space company, potentially sparking broader interest in investing and space technology. Families may see new savings vehicles gain visibility, while financial firms and policymakers could face questions about oversight, valuation, and access. Because the shares are illiquid and the plan depends on donors and administrative details, actual benefits for recipients may vary.