Story perspectives

Trump Seeks Musk's Trillion-Dollar Stock for Child Accounts

7/3/2026

Summary

Story summary

President Donald Trump said he expects Elon Musk to donate SpaceX stock to the Trump Accounts program for children.
SpaceX’s June 12, 2026 IPO raised $86 billion, making Musk the world’s first trillionaire.
Micron Technology and Michael Dell together pledged $250 million and $6.25 billion, respectively, to fund the accounts for 25 million children.
The tax-advantaged Trump savings accounts launch on July 4, 2026 with a $1,000 government seed for each U.S. child born 2025-2028.

1 of 1

Story summary

President Donald Trump said he expects Elon Musk to donate SpaceX stock to the Trump Accounts program for children.
SpaceX’s June 12, 2026 IPO raised $86 billion, making Musk the world’s first trillionaire.
Micron Technology and Michael Dell together pledged $250 million and $6.25 billion, respectively, to fund the accounts for 25 million children.
The tax-advantaged Trump savings accounts launch on July 4, 2026 with a $1,000 government seed for each U.S. child born 2025-2028.