SpaceX President Gwynne Shotwell Donates Stock to Trump Accounts for Children
On July 6, 2026, SpaceX President Gwynne Shotwell announced she and her husband would donate SpaceX stock worth over $324 million to the Trump Accounts program, benefiting over 2 million American children aged 11–17, primarily from lower-income areas near central Texas. The donation follows President Trump’s prediction that Elon Musk would contribute. Trump Accounts, launched July 4, provide $1,000 federal seed investments for children born 2025–2028. Other major donors include Michael Dell ($6.25 billion) and Micron ($250 million).
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Trump Praises SpaceX President Gwynne Shotwell's $325 Million Stock Donation to Trump Accounts
President Donald Trump praised SpaceX President Gwynne Shotwell and her husband Robert for donating $325 million worth of SpaceX stock to the Trump Accounts program. The donation, announced via Truth Social, aims to provide financial support to over 2 million American children aged 11-17 from lower-income households, particularly those near the Shotwells' central Texas home. The funds are invested in an S&P 500 index fund under the Invest America program, with annual contribution limits of $5,000. The Shotwells join other wealthy donors including Michael and Susan Dell ($6.25 billion) and Ray Dalio ($75 million). Robinhood CEO Vlad Tenev reported that nearly 6 million children have enrolled in the program as of June, with growth outpacing major tech companies.
Yahoo FinanceWhite House Reports $125 Million Raised for Trump Accounts in First Five Days
The White House announced that American families have contributed nearly $125 million to Trump Accounts within the first five days of their launch on July 4. The program, which provides investment accounts for children born between 2025 and 2028, includes a $1,000 deposit from the US Treasury per child. Major donors include SpaceX President Gwynne Shotwell, who donated SpaceX stock, Dell CEO Michael Dell and his wife with a $6.25 billion contribution, hedge fund manager Ray Dalio, Altimeter Capital CEO Brad Gerstner, and rapper Nicki Minaj. Companies such as Goldman Sachs, Micron, and Bank of America have also contributed to their employees' children's accounts. President Donald Trump praised the donors, highlighting the program as an investment in the American dream.
All Content from Business InsiderSpaceX President Gwynne Shotwell Donates One Share to 2 Million Children via Trump Accounts
SpaceX President Gwynne Shotwell and her husband Robert donated one share of SpaceX stock to over 2 million children aged 11-17 in lower-income areas, primarily near their Texas home. The donation, valued at approximately $296 million based on SpaceX's closing price of $148 per share, was made through Trump Accounts, a tax-deferred savings program for children. President Donald Trump praised the move, calling it 'extreme generosity.' Shotwell becomes one of the largest individual contributors to Trump Accounts, following a $6.25 billion donation from Michael Dell and his wife. The article analyzes potential long-term value of the gift, projecting scenarios from conservative 10% annual returns ($240 in 5 years) to bullish 40% returns ($810), depending on SpaceX's future revenue growth and market performance.
Yahoo FinanceTrump Cheers Gwynne Shotwell's $325 Million SpaceX Stock Gift to Trump Accounts
On July 9, 2026, Fortune reported that Gwynne Shotwell, the No. 2 executive at Elon Musk's SpaceX, donated $325 million in SpaceX stock to accounts associated with former President Donald Trump. Trump publicly praised the donation. The article also notes that the Dell family contributed $6.25 billion to investment accounts for children, while Elon Musk himself has not confirmed any personal donation to Trump's accounts. The report highlights significant financial movements by prominent figures in the tech and business sectors toward political or family investment vehicles.
Fortune | FORTUNETrump Praises SpaceX President Gwynne Shotwell for $325 Million Stock Donation to Trump Accounts
President Donald Trump publicly thanked SpaceX President Gwynne Shotwell and her husband Robert for donating 2 million SpaceX shares to Trump Accounts, a tax-advantaged savings program for American children. Trump valued the gift at $325 million on Truth Social, though the actual value fluctuated with SpaceX's stock price, closing at about $296 million on Wednesday. Shotwell announced the donation on X, stating it would benefit over 2 million children aged 11 to 17 in lower-income areas, with extra focus on those near the couple's Texas home. The donation makes Shotwell one of the largest individual contributors to Trump Accounts, which are seeded with $1,000 from the Treasury for every child born between 2025 and 2028. Trump had previously predicted that Elon Musk would also donate SpaceX stock to the program, but Musk has not commented on Shotwell's gift.
All Content from Business InsiderTrump Accounts Launch: Federal Seed Funding and Private Matching for Children's Investment Accounts
The article announces the launch of 'Trump Accounts,' a new federal program that began accepting contributions on July 4, 2026. Eligible children born between January 1, 2025, and December 31, 2028, receive a $1,000 federal seed contribution invested in an S&P 500 index fund, with annual contribution limits of $5,000. The article projects that the $1,000 seed alone could grow to approximately $372,000 by age 62, and maximizing contributions could yield about $17 million. Private sector involvement is significant: Michael Dell pledged $6.25 billion for lower-income children, and 88 companies and individuals have committed matching contributions. Notable participants include SpaceX president Gwynne Shotwell (donating 2 million shares), Bank of America, Broadcom, Intel, Coinbase, and Uber. The accounts transition into traditional IRAs at age 18.
Yahoo FinanceSpaceX President Gwynne Shotwell to Donate Stock to Trump Accounts Program
SpaceX President and COO Gwynne Shotwell announced on July 6, 2026, that she will donate shares of SpaceX stock to the Trump Accounts program, a government initiative providing tax-deferred 530A investment accounts for American children under 18. The donation, including shares from her and her husband, will benefit approximately 2 million accounts, with extra emphasis on children near their central Texas home. This follows President Donald Trump's prediction last week that SpaceX CEO Elon Musk would donate company stock. Shotwell, one of SpaceX's largest individual shareholders with a stake worth roughly $2.4 billion after a recent IPO, joins a growing list of tech companies and billionaires supporting the program, which launched July 4 with a $1,000 Treasury deposit for babies born 2025-2028. Notable donors include Michael and Susan Dell ($6.25 billion) and Micron ($250 million). Altimeter Capital founder Brad Gerstner called the donation an 'extraordinary gift' and described the program as a 'platform' for direct philanthropy.
US Top News and AnalysisSpaceX President Gwynne Shotwell Donates Stock to Trump Accounts for Children
SpaceX President Gwynne Shotwell announced on July 6, 2026, that she and her husband would donate a portion of their SpaceX stock to Trump Accounts, a government program providing tax-advantaged investment accounts for American children. The pledge, valued at over $324 million based on SpaceX's closing share price of $162, will benefit more than two million children aged 11 to 17 from households below average income thresholds, with a focus on families near the couple's home in central Texas. The announcement follows President Donald Trump's recent CNBC interview where he expressed expectation that SpaceX CEO Elon Musk would also donate stock. The Trump Accounts program, which opened for contributions on Monday, provides a $1,000 initial deposit from the Treasury for children born between 2025 and 2028, and has enrolled over 6 million children as of early June. Other major backers include the Dell family ($6.25 billion), Micron Technology ($250 million), and firms like BlackRock, Intel, and JPMorgan Chase. The mechanics of stock transfers into the accounts remain unclear, as Treasury guidance has not detailed the process.
Yahoo FinanceSpaceX President Gwynne Shotwell Donates Over $324 Million in Stock to Trump Accounts for 2 Million Children
SpaceX President Gwynne Shotwell announced on July 6, 2026, that she and her husband would donate a portion of their SpaceX stock to Trump Accounts, benefiting over 2 million American children aged 11 to 17 from households below average income thresholds, with a geographic focus on central Texas. Based on SpaceX shares closing at $162, Barron's valued the pledge at over $324 million. The announcement follows President Donald Trump's expectation that SpaceX CEO Elon Musk would donate to the program. Trump Accounts, which opened for contributions on the same day, provide tax-advantaged savings for children under 18, with a $1,000 initial deposit from the Treasury for those born between 2025 and 2028. Shotwell joins other major backers including the Dell family ($6.25 billion), Micron Technology ($250 million), and firms like BlackRock, Intel, and JPMorgan Chase. Over 6 million children were already enrolled as of early June.
Yahoo FinanceSpaceX President Gwynne Shotwell Pledges Stock to Trump Accounts for 2 Million Children
SpaceX President Gwynne Shotwell announced she and her husband will donate SpaceX shares to 'Trump Accounts' for over 2 million American children, primarily aged 11-17 from lower-income areas, with emphasis on those near her central Texas home. The donation is part of the Invest America program, launched on July 4, 2026, which provides eligible children born between 2025 and 2028 a $1,000 federal seed investment. The shares will be locked until the children turn 18, usable for college, a home, a business, or continued investment. Other major donors include Michael and Susan Dell ($6.25 billion) and Ray and Barbara Dalio ($75 million). Wall Street firms like JPMorgan Chase, Bank of America, Goldman Sachs, and Morgan Stanley have also announced $1,000 matches for eligible employees' children. Shotwell expressed hope the donation encourages the next generation to pursue space exploration.
Yahoo FinanceSpaceX President Gwynne Shotwell to Donate Stock to Trump Accounts
SpaceX President Gwynne Shotwell announced on Monday that she and her husband will donate shares of SpaceX stock to the Trump Accounts program, an investment initiative for American children under 18. The donation will benefit approximately 2 million accounts, with a greater focus on children living near their home in central Texas. In a post on X, Shotwell expressed hope that the gift would encourage the next generation to pursue space exploration. The announcement follows President Donald Trump's comments last week on CNBC, where he predicted that SpaceX CEO Elon Musk would contribute company stock to the program. Shotwell's pledge adds to a growing list of companies and billionaires supporting the Trump Accounts initiative.
US Top News and AnalysisSpaceX President Gwynne Shotwell Donates Stock to Trump Accounts for Children
SpaceX President and COO Gwynne Shotwell announced on July 6, 2026, via an X post that she and her husband are donating a share of their SpaceX stock to the Trump Accounts of over two million American children. The donation is part of the Invest America program and targets children aged 11–17 in lower-income areas, with a focus on those near central Texas. This comes days after President Donald Trump predicted in a CNBC interview that Elon Musk would donate SpaceX stock to the program. Musk, who became a trillionaire after SpaceX's record-breaking IPO, has not publicly commented. Shotwell joins other high-profile donors, including Michael and Susan Dell ($6.25 billion) and Micron ($250 million). Trump Accounts are government-seeded retirement-style accounts created under a Republican tax law, providing $1,000 per child born between 2025 and 2028.
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