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SpaceX's President Is Donating Her Stock to Trump Accounts for Two Million Kids
Shotwell said the gift includes SpaceX shares from her and her husband and will support about 2 million Trump accounts for children.
- On Monday, SpaceX President Gwynne Shotwell announced she will donate personal SpaceX stock to the Trump Accounts program, supporting roughly 2 million American children under 18.
- Established under last year's Republican tax and spending law, the Trump Accounts program seeds $1,000 from the Treasury for children born between January 1, 2025, and December 31, 2028, converting to retirement-style accounts at age 18.
- The donation of roughly 2 million shares is worth over $320 million, with Shotwell targeting children aged 11 to 17 in lower-income areas, "with a bit more emphasis" on those near her central Texas home.
- Michael and Susan Dell pledged $6.25bn and Micron committed $250m, while employers including BlackRock and JPMorgan Chase will match the government's $1,000 deposit for staff.
- President Donald Trump told CNBC last week he expects SpaceX CEO Elon Musk to donate company stock, though Musk has yet to make any public comment regarding the potential gift.
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(Los Angeles = Yonhap News) Correspondent Kim Kyung-yoon = U.S. President Donald Trump [included] SpaceX stock in the so-called 'Trump Accounts'...
·Seoul, Korea (the Republic of)
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Bitcoin in Trump Accounts? Pres Says 'Something Could Happen,' Dells, SpaceX Back Billions in Donations
President Donald Trump's child investment scheme has secured more than $6 billion in private backing from technology leaders, as he hinted that Bitcoin-linked contributions to 'Trump Accounts' could be on the horizon, saying 'something could happen' when asked about the cryptocurrency's role in the programme. The comments came as the initiative received major private-sector backing from technology leaders, including a $6.25 billion commitment fr…
·United Kingdom
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Coverage Details
Total News Sources19
Leaning Left6Leaning Right4Center1Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
R 36%
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