{"id":782781,"date":"2026-07-06T14:21:08","date_gmt":"2026-07-06T14:21:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/782781\/"},"modified":"2026-07-06T14:21:08","modified_gmt":"2026-07-06T14:21:08","slug":"elon-musks-no-2-says-shes-giving-spacex-stock-to-trump-accounts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/782781\/","title":{"rendered":"Elon Musk’s No. 2 Says She’s Giving SpaceX Stock to Trump Accounts"},"content":{"rendered":"

SpaceX president Gwynne Shotwell says she’s donating company stock to Trump Accounts, days after President Donald Trump said he expected the rocket maker’s shares would find their way into the children’s savings program.<\/a><\/p>\n

On Monday, Shotwell announced in an X post that she and her husband are “honored and thrilled” to gift a share of their SpaceX stock to the Trump Accounts of more than 2 million American children.<\/p>\n

My husband and I are honored and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump Account for each of more than two million children across our great nation. <\/p>\n

Every American child under 18 can benefit from having a Trump\u2026 https:\/\/t.co\/M6UJQ26Y6N<\/a><\/p>\n

\u2014 Gwynne Shotwell (@Gwynne_Shotwell) July 6, 2026<\/a><\/p>\n

The couple’s donation is targeted at children aged 11 to 17 living in areas with lower average household incomes, Shotwell said, “with a bit more emphasis” on those near the couple’s central Texas home.<\/p>\n

“We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars,” she wrote.<\/p>\n

SpaceX’s stock has fluctuated since the company went public in June, but at the time of writing, it was trading at around $160 a share, meaning a gift of 2 million shares would be worth around $320 million at current prices.<\/p>\n

The announcement comes days after Trump said in an interview with CNBC that he expects Elon Musk to donate SpaceX stock to the program. “Well, I think that he will do that,” the president said, though Musk, who briefly became the world’s first trillionaire following SpaceX’s record-breaking IPO, has yet to make any public comment.<\/p>\n

Trump told CNBC that his relationship with Musk remains strong, describing their past falling-out as a “little dispute” rooted in his decision to remove subsidies and mandates for electric vehicles.<\/a> Prior to that, Musk had backed Trump’s presidential campaign and later spearheaded an initiative to cut government spending<\/a>.<\/p>\n

Shotwell, SpaceX’s longtime chief operating officer and Musk’s second-in-command, joins a growing list of executives and companies <\/a>backing the accounts. Michael and Susan Dell have pledged $6.25 billion, Micron has committed $250 million, and employers including BlackRock, Intel, and JPMorgan Chase have said they will match the government’s $1,000 deposit.<\/p>\n

Trump Accounts, created under last year’s Republican tax and spending law, are seeded with $1,000 from the Treasury for every American child born between January 1, 2025, and December 31, 2028, and convert into retirement-style accounts when the child turns 18.<\/p>\n","protected":false},"excerpt":{"rendered":"SpaceX president Gwynne Shotwell says she’s donating company stock to Trump Accounts, days after President Donald Trump said…\n","protected":false},"author":2,"featured_media":782782,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[91092,64,63,12753,175931,370165,22618,1545,3120,20309,22623,1463,370166,128,21569,347353,285,306120,370164],"class_list":["post-782781","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-accounts","tag-au","tag-australia","tag-child","tag-cnbc","tag-company-stock","tag-couple","tag-day","tag-elon-musk","tag-government-spending","tag-husband","tag-no","tag-saving-program","tag-science","tag-share","tag-shotwell","tag-space","tag-spacex-stock","tag-trump-account"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/782781","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=782781"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/782781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/782782"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=782781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=782781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=782781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}