Elon Musk's $10 billion share giveaway is the latest sign he and Trump are solidly back on the same page
Elon Musk has pledged to donate one SpaceX share to every child in America, a move that received public praise from President Donald Trump. The gesture is being framed as a collaboration between the private sector and the administration's 'Trump Accounts' initiative.
Why it matters
The event highlights the evolving political alliance between Musk and Trump, as well as the intersection of high-profile corporate philanthropy and national political messaging.
President Donald Trump praised Elon Musk's pledge to give SpaceX shares to children through Trump Accounts. Kent NISHIMURA / AFP via Getty Images Trump praised Elon Musk's plan to give one SpaceX share to every child in America next year. The pledge could be worth about $10.6 billion at SpaceX's current price. Musk and Trump have a rocky relationship, but appear to be back on the same page in recent months. Elon Musk’s pledge to give every child in America a share in SpaceX has already paid one dividend: effusive praise from President Donald Trump. "A BIG THANK YOU to our legendary friend, Elon Musk," Trump wrote Monday, calling the proposed gift an act of "incredible generosity." He said the shares would go to children through Trump Accounts, the investment accounts created under his administration.
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