Altimeter's Gerstner says SpaceX gift may signal more for Trump Accounts
Key points
- Altimeter’s Brad Gerstner told CNBC that Musk’s SpaceX stock gift is only a small part of what Trump Accounts could include.
- Gerstner said the gift could be "the tip of the iceberg."
According to CNBC, Altimeter Capital founder Brad Gerstner said Elon Musk’s gift of SpaceX stock to Trump Accounts may be only a small part of what those accounts could eventually hold. Gerstner described the gift as "the tip of the iceberg." The report says he made the comments about the potential role of private-company stock in the accounts, but it did not add further details.
Original reporting
This page summarizes reporting by CNBC, originally published October 21, 2026 at 3:58 PM under the headline "Musk's SpaceX stock gift is 'tip of the iceberg' for Trump Accounts, Altimeter's Gerstner says". All rights to the original article belong to CNBC.
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More coverage of this story
- Benzinga on MSN · Oct 20, 2026Trump thanks ‘legendary friend’ Elon Musk for SpaceX stock gift to American children, Scott Bessent says Trump accounts have already crossed $8 billion
- 24/7 Wall St. · Oct 21, 2026Trump Says Musk Is Giving SpaceX Stock To Millions Of Kids Through Trump Accounts, But Fewer Than 1% Of The 60 Million Auto-Enrolled Accounts Were Claimed In Week One
- InvestmentNews · Oct 21, 2026Musk’s SpaceX gift puts Trump Accounts’ stock rules to the test
- The Hill · Oct 21, 2026Moreno says he will introduce bill to expand Trump Accounts access to people under 40
- BigGo Finance · Oct 21, 2026Trump Accounts Could Open to 90 Million Adults Under 40 as SpaceX Gift Anchors $100 Billion Push
- The Presidential Prayer Team · Oct 21, 2026President Responds to Elon Musk’s Pledge to Gift SpaceX Shares for Trump Accounts