Elon Musk promises to give one SpaceX share to every child in the US
Elon Musk has announced plans to distribute SpaceX shares to every child in the US through tax-advantaged investment accounts. This move follows significant financial contributions by Musk to Republican political action committees ahead of the midterms.
Why it matters
The initiative links high-profile corporate wealth distribution with political influence and the promotion of specific financial investment vehicles.
Elon Musk says he plans to give one of his SpaceX shares to every child in the US starting next year. With around 72 million children in the US as of July 2025, Musk would be giving away about $10.5 billion worth of shares, according to a report from CNBC.
Musk, who runs SpaceX and Tesla, appears to be giving away the shares through Trump Accounts, the tax-advantaged investment accounts for American children. Musk responded to a post from Brad Gerstner, who helped launch Trump Accounts, saying “Thanks for helping enable this.” Musk adds that this giveaway “will be the first of many.”
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