Musk Pledges $10 Billion in SpaceX Stock to American Children

The pledge, announced by Musk on X, targets roughly 72 million children nationwide. With SpaceX stock trading at $148 per share, the total valuation of the gift rests near $10.6 billion, though final figures will fluctuate based on market conditions at the time of transfer. The shares are intended to be held within Trump Accounts, an investment program established under the current administration to foster long-term wealth for American youth.

Trump’s enthusiastic public endorsement on X signals a thaw in his relationship with the billionaire. The pair experienced a high-profile rift after Musk resigned from the Department of Government Efficiency in May 2025, during which Musk labeled a major presidential legislative package a disgusting abomination. Despite that friction, Musk has recently funneled $276 million into Republican political efforts, and the two have been seen together at high-profile events, including a state dinner for Chinese leader Xi Jinping.

While the scale of the donation would eclipse the $6.25 billion contribution previously made by Michael and Susan Dell, significant logistical questions remain. Musk has yet to outline eligibility criteria, the mechanism for distributing shares to millions of accounts, or a definitive timeline for the transfers. For now, the proposal serves as a powerful validation of the administration's investment initiative, aligning one of the nation's most prominent business leaders with a core pillar of Trump’s economic policy.