Elon Musk has pledged to provide a single share of SpaceX to every child residing in the United States. The distribution is expected to take place at some point during the coming year.
President Donald Trump announced that these shares will be managed through Trump Accounts. Musk credited Brad Gerstner for his role in making the initiative possible.
What it means
This move would introduce a significant number of young people to equity ownership through a specific account framework supported by the administration. The plan ties a private aerospace company's valuation to a new national account system for minors.
