Elon Musk pledges over $10 billion in SpaceX shares to American children via Trump Accounts

Elon Musk announced plans to distribute one personally owned SpaceX share to every U.S. child in 2027, potentially creating 72 million new shareholders and representing roughly $10.5 billion in equity at the Oct. 16 closing price. The distribution would utilize Trump Accounts, a federally established investment program, and draw on Musk's existing holdings, which could reduce his directly held position by about 1.5%. This initiative follows Anthropic's proposal to commit 5% of its shares to a public benefit fund, potentially adding up to $100 billion at current valuation.