LivewireOct 21, 2026 · 15:52 ET

Musk's SpaceX stock gift is 'tip of the iceberg' for Trump Accounts, Altimeter's Gerstner says

Gerstner said he thinks he can raise $100 billion over the next 12 months to sponsor all of the kids in America, and he also said he has talked to every major tech CEO and founder.

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Alpha Insights graphic: Musk's SpaceX stock gift is 'tip of the iceberg' for Trump Accounts, Altimeter's Gerstner says

Key developments

Elon Musk said in an X post on Monday that he will give every kid in America a share of SpaceX next year.
Brad Gerstner said on Wednesday that the gift would go to Trump Accounts in an exclusive interview on CNBC's Squawk Box.
Gerstner said the donation of $10.5 billion worth of shares is just the beginning and said, 'Elon is the tip of the iceberg.'

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