Shotwell Donates SpaceX Stock to 2 Million Trump Accounts as Program Broadens Backing
Updated
Updated · CNBC · Jul 6
Shotwell Donates SpaceX Stock to 2 Million Trump Accounts as Program Broadens Backing
3 articles · Updated · CNBC · Jul 6
Summary
Gwynne Shotwell said she and her husband will donate SpaceX stock to about 2 million Trump Accounts, with extra emphasis on children near their central Texas home.
The SpaceX president and COO said the gift is meant to support American children and encourage the next generation to pursue spaceflight, drawing on a personal stake now worth about $2.4 billion.
The 530A accounts launched July 4 with a $1,000 Treasury deposit for babies born from 2025 through 2028, creating a tax-deferred platform that companies and donors can add to.
Intel, Robinhood and Micron have offered matching contributions for some employees' children, while Micron pledged $250 million and Michael and Susan Dell committed $6.25 billion in earlier support.