Elon Musk's $10 billion share giveaway is the latest sign he and Trump are solidly back on the same page

Elon Musk’s commitment to provision all kid in America a portion in SpaceX has already paid one dividend: effusive praise from President Donald Trump.

"A BIG THANK YOU to our legendary friend, Elon Musk," Trump wrote Monday, calling the projected current an act of "incredible generosity."

He stated the shares would go to children through Trump Accounts, the funding accounts created under his administration.

It was an enthusiastic reply to Musk's commitment before in the day. "Next year, I volition provision one of my SpaceX shares to all kid in America," he wrote on X. "This volition be the archetypal of many."

Significantly, Trump shared his praise in a article on X, a phase he has eschewed in latest years since launching his social network, Truth Social.

Trump was barred from Twitter in 2021 following the Capitol riot, and during his document was reinstated following Musk bought and renamed the platform, the chairman has been an infrequent poster since then.

Musk's $10 milliard contribution promise

There are approximately 72 myriad children in the US, and SpaceX inventory closed Monday at concerning $148 a share. At that price, one portion apiece would put the gift's value at about $10.6 billion. Its eventual value volition depend on SpaceX’s portion cost at the period the inventory is transferred.

Trump has been waiting for this particular contribution. In July, he stated he idea Musk would donate SpaceX inventory to Trump Accounts, equal as he referred to their extremely community falling-out as a "little dispute."

SpaceX President Gwynne Shotwell and her hubby had already pledged shares for additional than 2 myriad children’s accounts.

Musk and Trump have a turbulent relationship. The world's richest man was one of Trump's biggest financial backers in the 2024 election, spending additional than $200 myriad to assistance choose him. The brace were near adequate during the archetypal few months of Trump's come back to the White House for Musk to acquire the nickname "First Buddy."

He afterward became the community visage of the administration's Department of Government Efficiency before leaving in May 2025.

After leaving DOGE, Musk was extremely crucial of the president's "Big, Beautiful Bill," calling it a "disgusting abomination."

Musk has lately resumed spending heavily to form Republican government onward of the midterms. Since July, he has stated concerning $276 million, including $158 myriad to the Senate Leadership Fund; the excellent PAC afterward sent matching sums to a Texas collection supporting Attorney General Ken Paxton's Senate campaign.

Lately, Musk has been seen publically alongside Trump multiple times; the chairman awarded him the National Medal of Science before this month, and whenever China's chief Xi Jinping visited the US in September, he sat at the president's table at a province dinner.

Details are motionless unclear on Musk's SpaceX portion giveaway

If confirmed, Musk would associate other affluent backers of the program. Michael and Susan Dell contributed $6.25 milliard to the accounts of 25 myriad children, alongside the gifts directed archetypal to children in lower-income ZIP codes. Musk’s contribution would be larger than the Dells' barring a important autumn in SpaceX's portion price.

For now, it remains a promise. Musk has not detailed who would meet requirements as a kid under his plan, how he would get shares into all eligible account, or whenever the transfers would happen next year.

For Trump, the commitment brings among the country’s wealthiest endeavor leaders rearward a program he has promoted. "This is exactly what was envisioned whenever we created TRUMP ACCOUNTS," he wrote Monday.