Dell Jumps 7% After Trump Touts Its Computers in Oval Office

Q: "Trump Accounts" only allow index funds. What happens to the millions in donated SpaceX stock?

The SpaceX shares would not stay in the accounts as SpaceX stock. Under the current Trump Account rules, assets for minors must be invested in approved low-cost broad U.S. index funds, not individual company shares. That means any donated SpaceX stock would have to be converted into cash and then invested in the permitted index fund lineup, likely an S&P 500-type fund. The searched material says Treasury is accepting large philanthropic contributions of readily tradable public stock, but also notes that direct stock donations would require prompt liquidation under the current framework. There is still some uncertainty around mechanics because officials have been discussing how to handle stock gifts at scale. One option under discussion is allowing stock to be donated to Treasury or an intermediary and then sold before the proceeds are allocated across eligible children’s accounts. But that would not change the core rule inside the accounts themselves: the children would end up holding index-fund units, not SpaceX shares. If the stock cannot be transferred directly under final Treasury guidance, the donor could instead sell the shares first and contribute the cash proceeds. Either way, the practical result is the same: the value of the SpaceX donation can support Trump Accounts, but the accounts themselves are not designed to hold concentrated positions in a single company.

3 articles · Updated · UPI News · Jul 6

Dell shares rose 7% Monday morning after President Donald Trump used an Oval Office stock-market opening ceremony to urge Americans to “go out and buy a Dell computer.”
Michael Dell and Susan Dell joined Trump, Treasury Secretary Scott Bessent, Sen. Ted Cruz and investor Brad Gerstner at the event, which marked the launch of the Trump Accounts program.
Trump tied the promotion to the Dells’ $6 billion donation to the initiative and noted his own 2025 trading in Dell stock, saying disclosures show 24 trades and 16 purchases.
The accounts, available to children 18 or younger, include a $1,000 Treasury contribution for babies born from 2025 through 2028.
The ceremony blended a White House policy rollout with a public endorsement of a company whose stock Trump had actively traded, drawing attention to both the program and Dell’s market move.