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Musk's SpaceX share gift for children is to go through Trump Accounts

Elon Musk's pledge to give one SpaceX share to every U.S. child next year would be delivered through Trump Accounts, according to reports citing President Trump and CNBC.

Posted Updated (12 d ago)

Elon Musk's planned gift of one SpaceX share to every child in the U.S. would go through Trump Accounts, according to The Verge and CNBC. The Verge reports President Donald Trump announced the arrangement on Monday afternoon.

Altimeter Capital CEO Brad Gerstner told CNBC the gift could be the "tip of the iceberg" for Trump Accounts and the start of a broader philanthropic push. Musk had thanked Gerstner, a Trump Account booster, for "helping enable this," The Verge reports.

CNBC reports the route may carry conditions. New Treasury rules limit when children can sell shares held in the accounts.

Musk made the pledge on Monday in a post on X. He said it "will be the first of many," according to The Hill. The Verge, citing CNBC, puts the value at about $10.5 billion, based on around 72 million U.S. children as of July 2025.

PBS NewsHour reports the pledge came a day after Anthropic said it would commit 5% of its shares to a new "public benefit" fund. NBC News says both moves come as concern grows over AI's economic and social effects.

Reported by

  1. CNBCElon Musk says he'll give a SpaceX share to every child in America next yearMon, Oct 19, 5:14 AM EDT
  2. CBS NewsElon Musk pledges to give a SpaceX share to every U.S. childMon, Oct 19, 7:51 AM EDT
  3. The New York TimesElon Musk Says He Will Give a SpaceX Share to ‘Every Kid in America’Mon, Oct 19, 8:33 AM EDT
  4. ABC NewsMusk pledges a share of his SpaceX company to 'every kid in America'Mon, Oct 19, 9:14 AM EDT
  5. The HillMusk says he will give SpaceX share to every child in USMon, Oct 19, 9:52 AM EDT
  6. PBS NewsHourMusk pledges to give a share of his SpaceX company to 'every kid in America' next yearMon, Oct 19, 9:55 AM EDT
  7. The VergeElon Musk promises to give one SpaceX share to every child in the USMon, Oct 19, 10:20 AM EDT
  8. NBC NewsElon Musk and Anthropic make promises to give the public a piece of the AI pieMon, Oct 19, 10:39 AM EDT
  9. CBS NewsMusk pledges to give away one SpaceX share to every U.S. childMon, Oct 19, 3:07 PM EDT
  10. The HillMusk to give SpaceX share to every US childMon, Oct 19, 5:08 PM EDT
  11. The New York TimesElon Musk Says He Will Give a SpaceX Share to ‘Every Kid in America’Mon, Oct 19, 6:12 PM EDT
  12. The VergeElon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’Mon, Oct 19, 6:30 PM EDT
  13. CNBCIf Elon Musk gifts SpaceX stock through Trump Accounts, it will come with a catchTue, Oct 20, 1:29 PM EDT
  14. CNBCMusk's SpaceX stock gift is 'tip of the iceberg' for Trump Accounts, Altimeter's Gerstner saysWed, Oct 21, 11:58 AM EDT

This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.

Earlier versions (7)
  1. Mon, Oct 19, 6:15 PM EDT, 8 outlets: Musk pledges a SpaceX share to every U.S. child next year
  2. Mon, Oct 19, 11:00 AM EDT, 8 outlets: Musk pledges a SpaceX share to every U.S. child next year
  3. Mon, Oct 19, 10:45 AM EDT, 7 outlets: Musk pledges a SpaceX share to every U.S. child; Anthropic made a similar move
  4. Mon, Oct 19, 10:25 AM EDT, 6 outlets: Musk pledges a SpaceX share to every U.S. child; value put near $10.5 billion
  5. Mon, Oct 19, 10:10 AM EDT, 4 outlets: Musk pledges a SpaceX share to every U.S. child next year
  6. Mon, Oct 19, 8:40 AM EDT, 3 outlets: Musk says he will give every U.S. child a SpaceX share next year
  7. Mon, Oct 19, 7:55 AM EDT, 2 outlets: Musk says he will give every U.S. child a SpaceX share next year