Musk Pledges One SpaceX Share to Every U.S. Child

Roughly 73 million American children stand to receive one SpaceX share each next year under a pledge Elon Musk announced on X. At recent trading levels near $148 per share the commitment carries an estimated value of $10.6 billion, though the final figure will depend on the price when transfers occur.

Musk described the move as the first in a series. President Donald Trump responded the same day on X, calling the plan an act of "incredible generosity" and saying the shares would flow through Trump Accounts, the investment vehicles created during his administration. Trump wrote that the gift aligned with the original purpose of those accounts: pairing private capital with public policy to give children a stake in the economy.

The announcement arrives after a period of public friction between the two men. Musk spent more than $200 million supporting Trump’s 2024 campaign, later led the Department of Government Efficiency, then sharply criticized major legislation before resuming large political donations this summer. Recent public appearances, including the award of the National Medal of Science to Musk, had already signaled renewed contact.

Implementation questions remain open. Musk has not specified eligibility rules, the exact transfer process, or whether the shares would come from his personal holdings or another source. Earlier donors, including Michael and Susan Dell, have directed larger sums into the same accounts with priority for lower-income ZIP codes. SpaceX president Gwynne Shotwell and her husband previously pledged shares covering more than two million children.

Trump’s statement marked one of his infrequent returns to X since the platform’s ownership change. The post contained the full text of his praise and linked the pledge directly to the administration’s account program.