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.
Elon Musk promises to give one SpaceX share to every child in the US
Musk plans to give away around $10.5 billion worth of shares.
Musk plans to give away around $10.5 billion worth of shares.
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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.”
The move comes just months after SpaceX president Gwynne Shotwell announced that she’d be giving shares of her SpaceX stock to 2 million Trump Accounts. Dell’s founder similarly poured $6.25 billion into Trump Accounts, while Micron also announced a $250 million investment.
Along with giving away SpaceX shares, Musk has made large contributions to Republican midterm election efforts. Musk donated $158 million to the Senate Leadership Fund PAC in September, making up more than “half of the super PAC’s total receipts in the third quarter of this year,” according to CBS News. He also dumped $76 million into the Super PAC he founded in 2024, America PAC.
Update, October 19th: Added context from Musk.
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