SpaceX President Donates Stock to Trump Accounts

SpaceX President Gwynne Shotwell announced on Monday that she and her husband will donate company stock to benefit over two million children enrolled in the Trump Accounts program, a signature policy initiative that launched on July 4. The donation adds to a wave of corporate and billionaire contributions to the new children's savings accounts.

Shotwell, who is also SpaceX's chief operating officer and one of its largest individual shareholders, said the gift would prioritize children ages 11 to 17 living in areas with lower average household incomes, with extra emphasis on those near her central Texas home. She stated the donation was intended to encourage the next generation in the pursuit of space exploration. The announcement follows a comment from President Donald Trump last week expressing his belief that SpaceX founder Elon Musk would also contribute stock to the program, though Musk has not confirmed any plans.

The Trump Accounts program provides tax-deferred investment savings accounts for American children born between January 1, 2025, and December 2028, who receive an initial $1,000 contribution from the U.S. Treasury. At a White House event on Monday, Trump announced...