Elon Musk's $10 billion share giveaway is the latest sign he and Trump are solidly back on the same page
Elon Musk and Trump have a rocky relationship, but on Monday, the president called the SpaceX CEO a "legendary friend."
President Donald Trump lauded Elon Musk's pledge to donate one SpaceX share to each child in America through Trump Accounts, describing it as "incredible generosity." This generous act could be worth approximately $10.6 billion at SpaceX's current share price. The pledge suggests a recent reconciliation between Musk and Trump, who previously had a tumultuous relationship.
Musk's $10 billion donation promise is significant, as it would be larger than contributions made by other wealthy backers of the program. Trump's support for the scheme stems from his admiration for Musk as a key financial backer during the 2024 election. The details of Musk's plan, such as the eligibility criteria for children and the timeline of the transfers, remain unclear.
This latest pledge adds another layer to the evolving relationship between Musk and Trump, which has seen various stages of closeness and estrangement over the years.
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