Elon Musk’s $10.5B SpaceX gift to kids has a catch: Families can’t say no — and may need to wait 5 years to cash out

Close to 70 million American kids are now beneficiaries of tax-advantaged investment accounts courtesy of President Donald Trump, complete with $1,000 invested in index funds for those eligible based on date of birth — along with, if promises come to fruition, individual stocks including Elon Musk's SpaceX. Musk declared on Oct. 19 that he'll be giving $10.66 billion to "every kid in America," and much more down the line, in the form of one SpaceX share per child. Must Read The tax breaks in Trump's 'big beautiful bill' expire after 2028.