Musk pledges $10bn in SpaceX shares for US children: Who really gains?

Elon Musk has pledged one SpaceX share to every child under 18 in the United States next year, a gift valued at about $10.7bn at the $146.03 closing price. President Donald Trump said the shares would be distributed through “Trump Accounts”, child investment accounts created under his tax and spending law. Musk has not specified which children qualify or when and how the shares will be handed over. The pledge comes two weeks before the November 3 midterm elections; Musk has donated more than $276m to Republican groups since July.