President Trump on Monday gave Elon Musk a huge shoutout after he announced plans to give SpaceX shares to every child in America.
Musk has been on a tear recently after taking SpaceX public with one of the largest IPOs in history, receiving the National Medal of Science earlier this month, and showcasing the first-ever flying car with his other company, Tesla.
Musk unveiled his next-generation Tesla Roadster last week, showing a car that could fly, flip in mid-air, and go from 0 to 60 mph in under one second. “I’m very happy for Elon because I think he’s— we just gave him the science award along with five other people, and he deserves it,” Trump said after Musk’s prototype launch, noting that “we’re doing, as a country, things that nobody ever thought possible.”
Video from the Roadster expo:
As The Gateway Pundit reported, the SpaceX and Tesla CEO announced on Monday that he plans to give one SpaceX share to “every kid in America” next year under Trump’s “Trump Accounts” program.
The stock currently trades near $150 per share and is estimated by at least one analyst to soar as high as $800.
Elon Musk Announces Plan to Give Every Child in America One Share of SpaceX Stock in 2027
Trump responded on Monday, thanking Musk and calling him a “legendary friend.”
“This is exactly what was envisioned when we created TRUMP ACCOUNTS — Bringing together the GREAT PRIVATE SECTOR, Elon and so many more, to invest in our children, by far our greatest and most important asset, and give every American Child a piece of the American Dream,” he said.
“Thank you Elon!”
A BIG THANK YOU to our legendary friend, Elon Musk, for his incredible generosity in giving SpaceX Stock to millions of American children through TRUMP ACCOUNTS! This is exactly what was envisioned when we created TRUMP ACCOUNTS — Bringing together the GREAT PRIVATE SECTOR, Elon and so many more, to invest in our children, by far our greatest and most important asset, and give every American Child a piece of the American Dream. Thank you Elon! President DONALD J. TRUMP
The program, which officially launched on July 4, provides a tax-advantaged investment account for children to get a head start on saving for adulthood. A $1,000 federal pilot contribution is also available for children born between January 1, 2025, and December 31, 2028, and additional benefits are available for children born in low-income areas.
The program was kickstarted with a massive $6 billion contribution by Dell CEO Michael Dell and his wife, Susan Dell, announced during the official Trump Accounts launch in July.
Since then, the program has received pledges to donate millions of dollars from Hedge fund founder Ray Dalio and his wife, Barbara, who pledged $250 to roughly 300,000 children; Altimeter Capital CEO Brad Gerstner, who pledged $250 to every child under 5 years old in Indiana; and rapper Nikki Manaj, who pledged $150,000 to $300,000 in contributions. Add Elon Musk to the list, with the largest contribution thus far, totaling up to $11 billion.
The following 35 companies have also agreed to match contributions, donations, or government seed money of $1,000, according to Yahoo Finance.
Financial
Tech
Consumer/Corporate
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