President Donald Trump announced this afternoon that Elon Musk’s SpaceX shares for children will be distributed through Trump accounts. Musk said earlier today that he would give one of his SpaceX shares to “every child in America” next year. Musk had thanked Trump account booster Brad Gerstner for “helping make this possible,” and Trump appeared to confirm the plan in a post on Truth Social.
Considering SpaceX’s stock value as of Friday, 72 million shares would be worth about $10.5 billion, according to CNBC. “This will be the first of many,” Musk said.
Michael and Susan Dell, Ray and Barbara Dalio, Gerstner and SpaceX President Gwynne Shotwell also pledged to contribute to the Trump accounts. In October, the White House said that after some 60 million children were automatically enrolled, more than 70 million accounts had been created.
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