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moves money The Verge October 19, 2026

Elon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’

AI Summary

President Donald Trump announced this afternoon that Elon Musk's SpaceX shares for children will be given through Trump Accounts. Musk said earlier today that he would give one of his SpaceX shares to "every kid in America" sometime next year. Musk had thanked Trump Account booster Brad Gerstner for "helping enable this," and Trump appeared to confirm the plan in a post on Truth Social .

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