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

Source: press CNBC•

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

Elon Musk said earlier this week that he plans to give every kid in America a share of SpaceX next year, and Altimeter Capital CEO Brad Gerstner said Wednesday that the stock donations would come via Trump Accounts. If it happens, that donation of $10.5 billion worth of shares is just the…

Elon Musk said earlier this week that he plans to give every kid in America a share of SpaceX next year, and Altimeter Capital CEO Brad Gerstner said Wednesday that the stock donations would come via Trump Accounts.

If it happens, that donation of $10.5 billion worth of shares is just the beginning, according to Gerstner, the founder of Invest America and an architect of Trump Accounts, the new tax-deferred investing accounts for children.

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