President Trump has praised the billionaire\u2019s generosity, saying the giveaway will give children a piece of the \u201cAmerican Dream\u201d<\/p>\n
Elon Musk has pledged to give every child in the United States a share of his SpaceX company next year, in a massive giveaway potentially worth more than $10 billion that has earned praise from President Donald Trump.
\nThe world\u2019s richest man, whose fortune is estimated at around $1 trillion, announced the initiative on Monday, saying it would be the beginning of a broader effort to distribute his wealth. The announcement comes as Musk deepens his political and financial support for Trump and the Republican Party ahead of November\u2019s midterm elections.
\n\u201cNext year, I will give one of my SpaceX shares to every kid in America,\u201d Musk wrote on X. \u201cThis will be the first of many.\u201d<\/p>\n
Next year, I will give one of my SpaceX shares to every kid in America.<\/p>\n
This will be the first of many.\u2014 Elon Musk (@elonmusk) October 19, 2026<\/p>\n
With approximately 73 million children under 18 in the US and SpaceX shares closing at $147.97 on Monday, up 1.33%, the promised giveaway could be worth around $10.8 billion.<\/p>\n
Trump enthusiastically welcomed the announcement, saying the shares would be distributed through government-backed investment accounts established under his administration.<\/p>\n
Read more<\/p>\n
Can Elon Musk\u2019s millions save the Republicans in November?<\/p>\n
\u201cA BIG THANK YOU to our legendary friend, Elon Musk, for his incredible generosity in giving SpaceX Stock to millions of American children through TRUMP ACCOUNTS!\u201d the president wrote on Truth Social.
\nTrump said the initiative demonstrated how the private sector could help invest in America\u2019s future and \u201cgive every American Child a piece of the American Dream.\u201d
\nThe so-called Trump Accounts are tax-advantaged investment vehicles designed to help children build savings from an early age. Under the program, the federal government provides $1,000 in seed funding for eligible children born between 2025 and 2028, while parents, employers and private donors can make additional contributions.<\/p>\n
Read more<\/p>\n
Musk bankrolling Republican midterm push \u2013 NYT<\/p>\n
Musk has not explained precisely how the shares would be distributed, whether the giveaway would cover all minors living in the US or only American citizens, or what additional donations he plans.
\nThe pledge follows an announcement by rival artificial intelligence company Anthropic that it would commit 5% of its equity to a new public benefit fund. Musk responded by recommending that companies distribute shares directly to ordinary people.
\nMusk and Trump publicly feuded last year over the president\u2019s spending legislation but have since reconciled, with the billionaire emerging as a major financial backer of the Republican midterm campaign. According to the New York Times,\u00a0Musk has donated more than $276 million to Republican groups since July, bringing his political contributions during the 2025\u20132026 election cycle to approximately $366 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Trump has praised the billionaire\u2019s generosity, saying the giveaway will give children a piece of the \u201cAmerican Dream\u201d Elon Musk has pledged to give every child in the United…<\/p>\n","protected":false},"author":1,"featured_media":40165,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-40164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t