Donald Trump Thanks Elon Musk for Pledging SpaceX Stock to Children
President Donald Trump thanked Elon Musk after the tech mogul pledged to give one share of SpaceX stock to every American child through Trump Accounts.
FTMQ Politics, written by our newsroom0 views
President Donald Trump thanked Elon Musk on Monday after the tech mogul pledged to give one share of SpaceX stock to every child in the United States starting in 2027, according to reports from the Washington Examiner and The Hill. Bloomberg, Forbes, and Axios also reported that Mr Musk pledged to gift SpaceX stock to every child in America. [1][2][4][6][7]
Writing on Truth Social, President Trump called Mr Musk a legendary friend and praised his generosity for giving stock to millions of children through TRUMP ACCOUNTS, the Washington Examiner reported. The Hill and The Verge reported that Mr Musk made the announcement on X, the social media platform he owns. [1][2][3]
The Hill reported that Mr Musk stated this will be the first of many gifts, though he did not detail how the stock distribution will be carried out. [2]
Trump accounts, also known as 530A accounts, are stock market index investment accounts created under the 2025 One Big Beautiful Bill Act to provide tax-advantaged savings for American children under 18 years old. [8][10]
In short
- Elon Musk pledged to give one share of SpaceX stock to every child in America starting in 2027.
- President Donald Trump thanked Elon Musk for pledging the shares through Trump Accounts.
- Trump Accounts were established by the 2025 One Big Beautiful Bill Act as tax-advantaged savings vehicles for children.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Trump thanks ‘legendary friend’ Musk for pledging SpaceX stock to Trump AccountsWashington Examiner White House, 15d ago (the report this story comes from)
- [2]Musk says he will give SpaceX share to every child in USThe Hill, 15d ago
- [3]Elon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’The Verge, 15d ago
- [4]Musk Says He’ll Gift SpaceX Shares to ‘Every Kid in America’Bloomberg.com, 15d ago
- [5]Musk Pledges SpaceX Stock for ‘Every Kid in America’ as Billionaires Push Direct DonationsThe New York Times, 15d ago
- [6]Elon Musk Says He’ll Give Every Child In America One SpaceX Share Next YearForbes, 15d ago
- [7]Musk pledges 1 SpaceX share for every child in AmericaAxios, 15d ago
Background
- [8]Trump account on Wikipedia
- [9]Elon Musk on Wikipedia
- [10]Trump Accounts on Grokipedia
Our newsroom writes these reports with the help of software, from the 10 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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