SpaceX Discussed Stock Donation to Trump Accounts as 6 Million Children Sign Up
Updated
Updated · Ars Technica · Jun 30
SpaceX Discussed Stock Donation to Trump Accounts as 6 Million Children Sign Up
3 articles · Updated · Ars Technica · Jun 30
Summary
SpaceX has discussed donating stock to Trump Accounts with U.S. officials, according to a person familiar with the talks, though no donation has been confirmed.
6 million children have already been signed up ahead of the program’s July 4 launch, giving Trump’s new savings-account initiative a high-profile corporate fundraising push.
Trump Accounts are available to children under 18 with a Social Security number, let families contribute up to $5,000 a year, and offer a one-time $1,000 government deposit for children born from 2025 to 2028.
$6.25 billion has already been pledged by Michael Dell and Susan Dell, while BlackRock and Bank of America have agreed to match employee donations.