00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk pledged to give every child in America one SpaceX share next year,
00:07a donation potentially worth nearly $11 billion, according to the Wall Street Journal.
00:11Musk announced the plan Monday, following Anthropik's pledge to commit 5% of its shares to a new public benefit
00:16fund.
00:17According to a social media post by President Trump,
00:20Musk plans to distribute the shares through the government's Trump Accounts initiative.
00:23SpaceX shares close Monday at $147.96,
00:28and the U.S. has approximately 73 million children under 18.
00:32Treasury rules allow wealthy donors to contribute stock to children's accounts with potential tax benefits.
00:38Families generally cannot sell donated shares for five years.
00:41SpaceX President Gwynne Shotwell and Michael and Susan Dell have also pledged contributions to the Trump Accounts program.
00:47For all things money, visit Benzinga.com.
