Veytics Intelligence
2026-10-21 · Aljazeera

Musk pledges $10bn in SpaceX shares for US children: Who really gains?

Elon Musk has pledged to give one SpaceX share to every child in the United States next year – a gift that could be worth more than $10bn. “This will be the first of many,” the world’s richest man wrote on X on Monday. About 73 million children under 18 live in the US, according to US Census Bureau data. At Friday’s closing price of $146.03, the pledge would be worth about $10.7bn. President Donald Trump thanked Musk on his Truth Social platform, and claimed the shares would be given to children “through TRUMP ACCOUNTS”, the tax-friendly investment accounts for children created under his signature tax and spending law last year. The pledge comes two weeks before the November 3 midterm elections.

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