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President Donald Trump announced that Elon Musk's previously stated plan to distribute SpaceX shares to children in America will be executed through Trump Accounts, a government investment vehicle, according to reporting from The Verge. Musk had indicated he would give one SpaceX share to every child in the country starting next year, with a valuation of approximately 72 million shares worth around $10.5 billion based on Friday's stock price. The announcement formalizes a mechanism for what Musk had positioned as a wealth-distribution initiative tied to Trump's policy agenda.

Sources:The Verge

1 outlet · 1 article · first seen Oct 19, 8:00 PM ET

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