Report says Trump asked Musk for SpaceX stock for kids' savings accounts
Key points
- Ars Technica reports that Trump asked Musk for SpaceX stock.
- The request was tied to seeding U.S. children's savings accounts, the report says.
According to Ars Technica, Trump asked Musk for SpaceX stock to help seed savings accounts for U.S. children. The report says the request involved using SpaceX shares for that purpose. Ars Technica does not provide additional details in the preview text.
Original reporting
This page summarizes reporting by Ars Technica, originally published June 30, 2026 at 7:00 AM under the headline "Trump asked Musk for SpaceX stock to seed US kids’ savings accounts, report says". All rights to the original article belong to Ars Technica.
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More coverage of this story
- 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
- CNBC · Oct 21, 2026Musk's SpaceX stock gift is 'tip of the iceberg' for Trump Accounts, Altimeter's Gerstner says
- 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
- The Hill · Oct 21, 2026Moreno says he will introduce bill to expand Trump Accounts access to people under 40
- InvestmentNews · Oct 21, 2026Musk’s SpaceX gift puts Trump Accounts’ stock rules to the test
- KATU · Oct 20, 2026Trump says White House is exploring Trump Accounts for adults