Space Exploration Technologies Corp.

(NASDAQ:SPCX) is reportedly in talks with the Trump administration about a potential donation to the Trump Accounts, a savings initiative for children.

White House has approached SpaceX for a possible stock donation to the Trump Accounts, reported Semafor on Monday.

These accounts, aimed at children's savings, are scheduled to be launched next week.

It remains unclear whether CEO Elon Musk will contribute any SpaceX shares to the Trump Accounts or how such a donation would be structured.