Musk Pledged to Give Each American Child a SpaceX Share. Here's What It Might Cost. -- WSJ

By Becky Peterson and Terell Wright

Investors may have questions about Musk's announcement on Monday that he will donate one SpaceX share to every child in America next year.

If Musk follows through, that would equate to about $10.3 billion in stock, based on SpaceX's recent share price and the approximately 70 million children who have been enrolled for Trump Accounts, a government-run savings account program for American children under age 18, according to the White House.

But it wouldn't mean much to Musk's roughly $750 billion stake in SpaceX, or his 80% voting power, which is made up mostly of high-vote Class B shares, some of which haven't vested yet.

Once his lock up expires in June 2027, Musk can trade his 800 million Class A shares, which count less in a vote. Most likely, his Trump Account donation would dispense with just 9% of those low-vote shares-a drop in the bucket when it comes to his control over SpaceX.

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October 20, 2026 15:45 ET (19:45 GMT)