Trump Praises Elon Musk for Stock Gift to US Children
US President Donald Trump has praised SpaceX CEO Elon Musk after Musk announced plans to give company stock to American children. Calling Musk his “legendary friend,” Trump described the initiative as “incredible” and highlighted it as an example of the private sector contributing to the future of the next generation.

Trump linked Musk’s pledge to the broader vision behind Trump Accounts, an initiative aimed at helping American children build financial assets for their future. The president emphasized the importance of investing in young people and giving them a stake in the American Dream.
"A BIG THANK YOU to our legendary friend, @elonmusk, 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" - President Donald J. Trump 🇺🇸 https://t.co/uohzH7CDSq
— The White House (@WhiteHouse) October 19, 2026
The announcement highlights the potential role of private-sector initiatives in promoting financial participation and long-term wealth creation among children.