Elon Musk announced Monday that he will give every American child a share of SpaceX next year, potentially through Trump Accounts, an investment program for minors. If these shares are distributed through these accounts, beneficiaries cannot sell them for five years, even if the company faces financial trouble. About 70 million Trump Accounts have been created, including more than 60 million through a recent auto-enrollment process. This announcement follows SpaceX President Gwynne Shotwell’s pledge to gift approximately 2 million shares through this program. Legal experts question whether these restrictions align with Congress’s intent for diversified accounts.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
