Trump Says 72 Million SpaceX Shares for Kids Will Go Through Trump Accounts
Updated
Updated · The Verge · Oct 19
Trump Says 72 Million SpaceX Shares for Kids Will Go Through Trump Accounts
3 articles · Updated · The Verge · Oct 19
Summary
Trump said Elon Musk’s planned giveaway of one SpaceX share to every American child next year will be distributed through Trump Accounts.
72 million shares would be worth about $10.5 billion at Friday’s SpaceX valuation, according to CNBC, turning Musk’s pledge into one of the biggest promised contributions to the program.
60 million tax-advantaged accounts for children were created automatically in October, the White House said, and the total later topped 70 million after broader enrollment.
Musk called the giveaway “the first of many,” while Michael and Susan Dell, Ray and Barbara Dalio, Brad Gerstner and SpaceX President Gwynne Shotwell have also pledged contributions.