Elon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’
Summary
Elon Musk plans to distribute shares of SpaceX to American children next year. President Donald Trump announced that these gifts will be delivered through government-backed Trump Accounts.
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…
Source: Read the full story at The Verge
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.