SpaceX President Gwynne Shotwell and her husband pledged to donate shares of their SpaceX stock valued at $320 to $325 million to the Trump Accounts program on July 6, 2026 [1, 2, 3, 4, 5]. The donation will benefit approximately 2 million Trump Accounts, which are investment accounts created under a Republican tax and spending law for U.S. children under 18, focusing on kids aged 11 to 17 in lower-income areas, including near the couple's home in central Texas [1, 2, 4, 5].
Trump Accounts received a $1,000 federal pilot contribution for eligible children born between January 1, 2025 and December 31, 2028, with over 6 million accounts opened since the program launched on July 4, 2026, and 1.4 million accounts receiving the initial Treasury seed money [4, 5]. The Shares are currently trading around $160 each, making the donation roughly equivalent to 2 million SpaceX shares [4, 5].
Shotwell, a longtime SpaceX COO and Elon Musk's second-in-command, said via social media that she and her husband Robert, a NASA Jet Propulsion Laboratory engineer, are "honored and thrilled to participate in the Invest America program and gift a share of our SpaceX stock to a Trump Account for each of more than two million children across our great nation" [4]. She noted, "We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars" [2].
Donald Trump told CNBC he expects Elon Musk to also contribute SpaceX stock to the program, saying, "Well, I think that he will do that," though Musk has not commented publicly [2, 3, 4, 5]. Other notable donations to Trump Accounts include Michael and Susan Dell pledging $6.25 billion, Micron $250 million, and firms like BlackRock, Intel, and JPMorgan Chase offering matched government deposits [4, 5].
Trump Accounts provide investment funds seeded by the government to U.S.-born children with valid Social Security numbers, aimed at helping children build savings starting at birth through age 17 [4, 5].
The Trump Accounts program is tracking ongoing contributions and investment growth, with expansions anticipated as additional donors consider stock or fund gifts. The pilot federal $1,000 deposit window covers newborns through 2028 [5].
