President Donald Trump praised SpaceX president Gwynne Shotwell on Thursday after she and her husband announced an undisclosed SpaceX stock gift to Trump accounts that the president said amounted to $325 million.
“Thank you to the brilliant and highly respected Gwynne Shotwell, and her husband, Robert, for their extreme generosity in helping children to attain the ever magnificent American dream!” Trump wrote on Truth Social, calling it “Their Gift of 325 Million Dollars of SpaceX Stock.”
Shotwell did not put a number on her donation in her own announcement of the stock gift, but if Trump’s $325 million figure holds true, it would make Shotwell one of the most prominent individual supporters of Trump Accounts, a new type of individual retirement account for children, coming at the heels of tech billionaire Michael Dell and his wife Susan, who pledged a total of $6.25 billion to Trump Accounts.
In her announcement on X, Shotwell clarified that her gift goes to children between 11 to 17 who “live in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home.”
Trump wasn’t the only person that praised the SpaceX president. Fellow Trump Accounts donor Michael Dell lauded Shotwell on X, writing “Gifting SpaceX shares to 2M kids’ TrumpAccounts is legendary generosity. Empowering the next generation with ownership in our future among the stars.”
