President Trump thanks Elon Musk: Praises his generosity in offering SpaceX shares to American children; US mid-term elections set for November 3

US President Donald Trump has thanked Elon Musk for his proposal to gift one share of SpaceX to every child in America. Musk had stated that he intends to gift a share of his rocket-manufacturing company, SpaceX, to every American child next year. This announcement comes ahead of the mid-term elections in the United States, scheduled for November 3.

Post on X: A big thank you to my friend Elon Musk

“A huge thank you to our great friend Elon Musk, who has shown such generosity by announcing that he will provide SpaceX shares to millions of American children through ‘Trump Accounts’! This is exactly what we envisioned when we created the ‘Trump Accounts.’

Bringing together the great private sector—people like Elon and many others—to invest in our children, who are our greatest and most important asset, and to give every American child a stake in the ‘American Dream.’ Thank you, Elon!” — President Donald J. Trump

The initiative will cost 1 trillion rupees

Currently, the price of one SpaceX share is $146 (approximately 14,000 rupees). With about 72 million children in the United States, the total value of the shares to be distributed would amount to 1 trillion rupees.

However, the process for delivering these shares to millions of children remains unclear; neither Musk nor his company has provided any details on this yet.

Discussion on the political impact of Musk’s announcement; mid-term elections on November 3

1. Musk is supporting Trump’s party

Mid-term elections are set to take place in the United States on November 3, 2026. Musk has already spent approximately $366 million to support the Republican Party.

Given this, the potential political impact of his major announcement is being discussed. However, there is no evidence to suggest that Musk made this announcement to gain an advantage in the election.

Meanwhile, SpaceX President Gwynne Shotwell and her husband have also pledged to provide SpaceX shares to the accounts of over two million children—a move that coincides with Musk’s announcement.

2. The Trump administration will also deposit funds into children’s accounts

The Trump administration has introduced “Trump Accounts” for children. Under this initiative, the government will deposit a one-time sum of $1,000 into the accounts of children who meet the specified criteria. The scheme will apply to children born between January 1, 2025, and December 31, 2028.

Eligibility remains unclear

While Musk refers to “every child in America” ​​in his post, several complexities remain:

Citizenship: It is unclear whether the shares will be granted only to children who hold U.S. citizenship, or if other children residing in the United States will also be included.

Age: Musk has not specified an age limit. Will newborns also receive shares?

Verification: There is no information yet regarding what documentation parents will need to submit, whether forms must be completed, or what other verification processes might be required.

Questions regarding sale or transfer

A significant question concerns how the shares will be held for the children. Will the shares be issued directly in the child’s name, or will they be held in the parents’ accounts until the child reaches adulthood?

Furthermore, the company has not clarified whether the children or their parents will be permitted to sell these shares at will, or if they can be transferred to another individual. Musk’s Stake in SpaceX: 6.42 Billion Shares, Valued at ₹80 Lakh Crore

According to a regulatory filing, as of June 30, 2026, Elon Musk holds a 48.4% stake in SpaceX. At the time of the report, this stake was valued at approximately $860 billion—roughly ₹80 lakh crore.

Musk Hints at Further Announcements

In a post, Musk stated that this is merely the first of several planned initiatives. This suggests that he may make further significant announcements in the near future. However, he has not provided a timeline regarding what his other plans entail or when he intends to disclose them.

How Do Minors Acquire Shares?

In the United States, ‘custodial accounts’ are used to hold shares on behalf of individuals under the age of 18. In such arrangements, full responsibility remains with the parents or guardians until the child reaches the age of majority.

Transforming the Space Sector with Reusable Rockets

Elon Musk founded SpaceX in 2002. On May 31, 2020, the company launched the world’s first private human spaceflight mission, carrying astronauts Robert Behnken and Douglas Hurley into space. By developing reusable rocket technology, SpaceX has made satellite launches and other space missions more cost-effective.