Trump thanks ‘legendary’ friend Elon Musk for pledging SpaceX shares to every American child through Trump Accounts
Donald Trump thanked Elon Musk for pledging one SpaceX share to every American child next year through Trump Accounts. The proposed donation could be worth about $10.7 billion, though details of how the shares will be distributed remain unclear.
US President Donald Trump expressed gratitude to billionaire Elon Musk on Monday for his generosity in pledging SpaceX shares to millions of American children through the Trump administration's Trump Accounts initiative. In a social media post, Trump hailed Musk as "our legendary friend" and emphasized that this act aligns with the original vision of Trump Accounts, which aims to invest in the country's children as its most valuable asset.
Musk announced that he intends to donate one share of SpaceX to every child in America next year, marking the beginning of many such contributions. The exact distribution framework has not yet been disclosed, although Bloomberg reports that Musk agreed to distribute the shares via the Trump Accounts program. The donation is estimated to be worth between $10.5 billion and $10.7 billion, considering the number of children in America and the current share price of SpaceX.
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