SpaceX President Gwynne Shotwell to donate stock to Trump Accounts

SpaceX Mayor Gwynne Shotwell announced Monday that she will donate to the Trump Accounts program, joining a growing list of companies and billionaires who have pledged to support investment accounts for American children under 18.

The gift, which includes shares of Shotwell and her husband’s SpaceX stock, will go to about 2 million Trump accounts and “will place a little more emphasis” on children living closer to home in central Texas, Shotwell wrote in an op-ed. Publish on X.

“We have been fortunate in our careers, and we hope that this gift will encourage the next generation to continue the journey of enabling humanity to live and fly among the stars,” Shotwell wrote.

On Thursday, President Donald Trump told CNBC’s Joe Kernen that he thought SpaceX CEO Elon Musk would donate company stock to the program.

Tax-deferred 530A accounts officially launched on July 4 and include an initial deposit of $1,000 from the U.S. Treasury Department for babies born between 2025 and 2028.

Important technology names during its launch Intel, robinhood And Micron They made their own investments and offered to match the government’s contribution of $1,000 for some eligible children of their employees.

In a funding announcement last week, Micron also promised a one-time seed deposit of $250 million. child accounts In the communities where the company operates.

Michael and Susan Dell allocated $6.25 billion in December to the program, which aims to support children ages 10 and under by zip code whose median income is $150,000 or less.