Musk says he will give SpaceX shares to American children through Trump accounts

Musk's announcement

Townhall reports that Elon Musk, who leads SpaceX, Tesla and X, said he will give one share of his personal SpaceX stock to every American child through Trump accounts in the coming year. In a social media post dated October 19, 2026, Musk wrote, “Next year, I will give one of my SpaceX shares to every kid in America. This will be the first of many.” The article says Musk described the move as the first in a series of similar actions.

Trump's response

According to Townhall, President Donald Trump responded by thanking Musk for what he called a historic decision. In a post dated October 19, 2026, Trump said Musk’s gift of SpaceX stock to millions of American children through Trump accounts reflected what the accounts were meant to do. Trump said they were designed to bring in the private sector and invest in children, which he described as the nation’s greatest asset. He ended his post by thanking Musk.

Other donations to Trump accounts

Townhall also notes that Musk is not the first billionaire to make a large pledge tied to these accounts. The article says Michael and Susan Dell previously committed more than $6 billion to Trump accounts for children under 10. According to the report, that donation would give each child $250 to invest in the market. Townhall says the Dell pledge was announced late last year.

SpaceX valuation

The article says SpaceX is currently trading at about $150 per share. It also reports that the company has a market capitalization of nearly $2 trillion, which Townhall says places it among the 10 largest corporations in the world.