Elon Musk says he plans to gift a SpaceX share to every child in the U.S.
Updated on: October 19, 2026 / 5:38 PM EDT / CBS News
TL;DR
- Elon Musk plans to give one SpaceX share to every child in the U.S.
- This initiative is described as the 'first of many' gifts.
- AI company Anthropic is also committing 5% of its shares to a public benefit fund.
- Anthropic will contribute an additional 2% of shares for every 50% increase in company value above a set threshold.
- Musk is the largest shareholder in SpaceX.
- The donation is planned to be distributed through the Trump Accounts program.
- Trump Accounts allow donors to deliver stock without capital-gains taxes and provide recipients with a $1,000 seed donation.
- The Treasury Department is automatically enrolling up to 60 million children in the Trump Accounts program.