Elon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’

<figure> <img alt="Elon Musk in front of a background of falling money." data-caption="" data-portal-copyright="Image: Cath Virginia / The Verge, Getty Images" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/04/STK022_ELON_MUSK_CVIRGINIA4_L.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">President Donald Trump announced this afternoon that Elon Musk's SpaceX shares for children will be given through Trump Accounts. Musk said <a href="https://x.com/elonmusk/status/2112089556615123114?s=20">earlier today</a> that he would give one of his SpaceX shares to "every kid in America" sometime next year. Musk <a href="https://x.com/elonmusk/status/2112218558302490744">had thanked</a> Trump Account booster Brad Gerstner for "helping enable this," and Trump appeared to confirm the plan in <a href="https://truthsocial.com/@realDonaldTrump/posts/117469511233475082">a post on Truth Social</a>.</p> <p class="wp-block-paragraph">Given the value of SpaceX's stock on Friday, 72 million shares would be worth approximately $10.5 billion, <a href="https://www.cnbc.com/2026/10/19/elon-musk-spacex-shares-giveaway-kids.html">according to CNBC</a>. "This will be the first of many," Musk said.</p> <p class="wp-block-paragraph">Michael and Susan Dell, Ray and Barbara Dalio, Gerstner, and SpaceX president Gwynne …</p> <p><a href="https://www.theverge.com/tech/1014115/elon-musk-spacex-trump-account">Read the full story at The Verge.</a></p>