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Musk pledges $10bn in SpaceX shares for US children: Who really gains?
Al Jazeera EnglishAdded 7 hours ago
The pledge, which Trump says will go through tax-friendly ‘Trump accounts’, comes two weeks before the US midterms. The pledge, which Trump says will go through accounts with his name, comes two weeks before the US midterms.
Elon Musk has pledged to give one SpaceX share to every child in the United States next year – a gift that could be worth more than $10bn. “This will be the first of many,” the world’s richest man wrote on X on Monday.
About 73 million children under 18 live in the US, according to US Census Bureau data. At Friday’s closing price of $146.03, the pledge would be worth about $10.7bn.