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Musk to Give 72 Million U.S. Children SpaceX Shares

By Drooid · Oct 20, 2026, 2:14 AM UTC · How we work

Summary

Musk Gives Shares

Elon Musk will give one SpaceX share to every U.S. child next year.
Shares will be distributed via Trump Accounts, tax-advantaged investment accounts for American children.
Approximately 72 million children will receive shares valued at about $10.5 billion.
President Donald Trump announced the plan on Truth Social.

Summary

Musk Challenges Fund

Elon Musk announced a share giveaway hours after Anthropic pledged 5% of its stock to a fund.
Musk urged Anthropic to give the shares to the public, opposing fund plan.
SpaceX shares rose 2.7% to $149.49 after the announcement.
The giveaway aligns with a $6.25 billion Dell pledge to U.S. President Donald Trump’s accounts.
Ray and Barbara Dalio added $75 million, prompting analysts to warn new child shareholders could affect SpaceX governance.

History

Historical Context

In 2005 the United Kingdom launched the Child Trust Fund, a government-backed savings scheme that placed a £250 account into every newborn’s name. Chancellor Gordon Brown, HM Treasury, and the Department for Work and Pensions oversaw the program, which ultimately cost taxpayers about £1.5 billion by 2015. The mass distribution mirrors today’s Elon Musk proposal to allocate SpaceX shares to 72 million U.S. children through Trump-linked accounts, echoing the same populist financial outreach. Both initiatives illustrate how governments and tech magnates use large-scale asset grants to shape future voter bases and influence corporate governance.

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Musk Gives Shares

Elon Musk will give one SpaceX share to every U.S. child next year.
Shares will be distributed via Trump Accounts, tax-advantaged investment accounts for American children.
Approximately 72 million children will receive shares valued at about $10.5 billion.
President Donald Trump announced the plan on Truth Social.

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