Elon Musk announced plans to give one of his SpaceX shares to every child in America sometime next year. Following the statement, President Donald Trump announced that the shares will be distributed through Trump Accounts, which are tax-advantaged savings accounts established for children.
The potential scale of the stock transfer represents a massive financial distribution. According to reporting from CNBC, 72 million SpaceX shares would be worth approximately $10.5 billion, based on the valuation of the aerospace company's stock as of Friday.
The proposed giveaway will utilize a broad federal account framework established in the fall. In October, the White House stated that 60 million of the tax-advantaged accounts were created automatically for children, bringing the total number of established accounts to more than 70 million.
Musk publicly credited Trump Account booster Brad Gerstner for helping enable the stock distribution plan. President Trump appeared to confirm the arrangement in a post published on Truth Social, formalizing the vehicle through which the equity would be delivered.
Musk is part of a larger cohort of high-profile donors planning to back the initiative. Prominent figures including Michael and Susan Dell, Ray and Barbara Dalio, Brad Gerstner, and SpaceX president Gwynne Shotwell have all promised contributions to Trump Accounts as well.
How will the integration of privately held equity assets into millions of individual custodial accounts operate once the distribution begins next year?
