Musk Plans SpaceX Share Gifts for American Children

Elon Musk plans to distribute SpaceX shares to children across the United States in 2027, introducing a proposed stock-gifting initiative as the federal government expands tax-advantaged savings accounts for minors. Musk announced the plan on X on October 19, 2026, but did not specify which shares would be transferred or explain how the distribution would work.

The announcement comes as President Donald Trump promotes the expansion of Trump Accounts, which provide tax advantages for eligible US citizens under age 18. According to Trump's statement, the Treasury Department had automatically established accounts for more than 60 million children, bringing the nationwide total to nearly 70 million.

Musk described the proposed distribution as part of a broader initiative, writing on X, "This will be the first of many," in reference to the planned gifts.

The billionaire also pledged to provide a SpaceX share to each child in America, according to his October 19 announcement. His post did not identify the specific share class or clarify whether the transfers would be made directly to children or through the newly established accounts.

According to a filing with the Securities and Exchange Commission covering holdings as of June 30, Musk owned a 48.4% stake in SpaceX following its initial public offering. His holdings included 849,494,440 shares of Class A common stock held as a trustee and 3,916,980,790 shares of Class B common stock.

The filing also listed 1,302,072,285 restricted Class B shares and 350,000,000 additional Class B shares that could become issuable through the exercise of stock options. Musk retained approximately 85% of the company's voting power, according to the filing.

The announcement follows another SpaceX-related stock donation commitment. In July, SpaceX President Gwynne Shotwell and her husband pledged one share of company stock for Trump Accounts benefiting more than two million American children. The gift was valued at approximately $325 million at the time.

Separately, Michael and Susan Dell committed $250 for each of 25 million children, according to the report. Their contribution adds to the private-sector funding supporting the accounts as the federal government expands their reach.

Trump Accounts are tax-advantaged accounts intended for Americans younger than 18. Similar to certain retirement savings arrangements, these accounts can offer tax benefits through eligible contributions, tax deferral, or tax-free withdrawals, depending on the applicable rules.