TL;DRSpaceX president Gwynne Shotwell will donate one SpaceX share each to roughly 2 million children’s Trump Accounts, a pledge worth over $320m at current prices, with emphasis on lower-income Texas families. The gift lands weeks after SpaceX’s record IPO, as Trump publicly nudges Musk to follow suit.
SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m.
The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes her the most prominent space industry executive yet to back the child investment scheme.
Trump Accounts launched on 4 July with a one-time $1,000 Treasury contribution for babies born between 2025 and 2028. The tax-deferred investment accounts are open to all American children under 18.
Corporate America has piled in, with Michael and Susan Dell pledging $6.25bn, Micron committing $250m, and employers from BlackRock to JPMorgan Chase matching the government’s $1,000 for staff. Donald Trump marked the launch by ringing a first-ever White House opening bell on Monday.
