Elon Musk pledges $10.7bn in SpaceX shares for U.S. children
Musk will give one SpaceX share to each of 73 million U.S. children, worth about $10.7 bn, via Trump Accounts.
Key facts
- Elon Musk pledged to give one SpaceX share to every child under 18 in the United States, about 73 million children, worth approximately $10.7 bn at Friday's closing price of $146.03 (S1).
- The shares would be held in Trump Accounts, tax‑deferred investment accounts for children created under President Trump’s tax law, and families cannot refuse or sell the shares for five years (S1,S3).
- Musk owns 4.8 bn SpaceX shares outright and 6.4 bn including options; giving away 73 m shares would reduce his outright holding by 1.5 % and his voting power by 0.1 percentage points (S1).
- SpaceX stock rose 10 % after reporting third‑quarter revenue of $14.6 bn, up 161 % YoY, and Musk floated a potential merger with Tesla (S2).
- Treasury rolled out temporary regulations at the end of September allowing Trump Accounts to hold donated individual stocks, a change from previous guidelines that only allowed diversified index funds (S3).
Elon Musk pledged to give one SpaceX share to every child under 18 in the United States, about 73 million children, worth approximately $10.7 bn at Friday's closing price of $146.03 (S1).
The shares would be held in Trump Accounts, tax‑deferred investment accounts for children created under President Trump’s tax law, and families cannot refuse or sell the shares for five years (S1,S3).
Musk owns 4.8 bn SpaceX shares outright and 6.4 bn including options; giving away 73 m shares would reduce his outright holding by 1.5 % and his voting power by 0.1 percentage points (S1).
SpaceX stock rose 10 % after reporting third‑quarter revenue of $14.6 bn, up 161 % YoY, and Musk floated a potential merger with Tesla (S2).
Treasury rolled out temporary regulations at the end of September allowing Trump Accounts to hold donated individual stocks, a change from previous guidelines that only allowed diversified index funds (S3).
Context
The pledge follows the creation of Trump Accounts, tax‑deferred investment vehicles for children established under President Trump’s 2025 tax law, and Treasury’s recent rule change that permits individual stock gifts to those accounts (S1,S3).
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