Musk says he will give SpaceX shares to children through Trump Accounts

Musk announces a stock pledge

WBIW reports that Elon Musk said on social media that he intends to give one SpaceX share to every child in the United States next year. In the post on X, Musk wrote, “This will be the first of many,” according to the outlet. The article says the plan is valued at about $10.7 billion.

Estimated value and company size

The report says the estimate is based on roughly 73 million Americans under the age of 18 and SpaceX’s current stock valuation. WBIW adds that the total would still be only a portion of SpaceX’s estimated $2 trillion market value after its Wall Street debut earlier this year.

Trump Accounts program

According to WBIW, President Donald Trump thanked Musk for the pledge and called him a “legendary friend.” Trump also described the gift as an act of “incredible generosity” and said the shares are expected to go through the administration’s Trump Accounts program.

The article says the program launched on July 4, 2025. It reports that the government deposits $1,000 into accounts for eligible children, with the money locked until age 18. It also says families and employers may add annual contributions, and that corporate partners and private donors may deposit stock shares or match contributions directly into the accounts.

Related pledge and political spending

WBIW says Musk’s announcement follows a similar pledge earlier this year by SpaceX President Gwynne Shotwell and her husband. The report says they pledged more than $320 million in company shares for Trump Accounts for more than two million children in lower-income areas.

The article also says federal disclosures show Musk has given more than $276 million, and more, to support Republican candidates and conservative political action committees during this election cycle. WBIW notes that the Treasury is still reviewing the exact method and timing for distributing the shares.