Wills, Estates & Trusts
Nov. 11, 2026
A gift you can't refuse: The legal risks behind Musk's SpaceX stock giveaway
Musk's SpaceX gift could help millions of children build wealth. But a gift shouldn't leave families bearing the investment risk without the power to manage it.
Meghan M. Glaspy
Managing Attorney
The Estate Lawyers
Trust and Will Contests, Breach of Fiduciary Duty Claims, Contested Conservatorships, and Financial Elder Abuse
Georgetown University Law Center
What do you give the child who has everything? Apparently, a share of SpaceX.
On Oct. 19, Elon Musk announced that in 2027 he will give one of his SpaceX shares to every child in America. President Trump has said the shares will go out through Trump Accounts, the federal children's investment accounts created last year. With roughly 72 million children under 18 and SpaceX trading near $146 a share, the gift would be worth more than $10 billion in aggregate.
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