US President Donald Trump said he expects Elon Musk to donate SpaceX stock to the Trump Accounts, a government-backed children’s savings and investment program starting on July 4, 2026. Trump told CNBC, "Well, I think that he will do that," and added that he has a good relationship with Musk despite past disagreements [1, 2, 3, 4].
The Trump Accounts program will create tax-advantaged investment accounts seeded with $1,000 from the US Treasury for each child born between 2025 and 2028. The accounts automatically convert into retirement-style accounts when the child turns 18 [1, 5, 3, 6, 4].
More than 6 million children have already registered for Trump Accounts ahead of the July 4 launch, reflecting strong public interest [5, 7, 8, 9]. Several corporations and wealthy donors, including Micron Technology with $250 million and Michael Dell with $6.25 billion, have pledged funds to support the program. Other backers include BlackRock and Bank of America [1, 5, 7, 8, 9, 2, 3, 10].
SpaceX completed its largest-ever initial public offering in June 2026, raising $86 billion and increasing Musk's net worth beyond $1 trillion. The IPO valued SpaceX at about $2.2 trillion [1, 7, 8, 9, 2, 3, 4]. However, a $25 billion SpaceX bond issuance in late June performed poorly in the secondary market, drawing criticism from institutional investors. Matt Brill of Invesco said the bond weakness "could reflect issues with underwriting or lack of demand from traditional buyers like pension funds and insurers" [1].
Trump and Musk reportedly had a falling out in 2025 over tax and spending policies but have since repaired their relationship. Musk publicly backed Trump's 2024 presidential campaign, and the two remain on good terms. Trump said, "I wrote him a note. I said, ‘Congratulations, very good.’ I have a very good relationship with Elon. Elon and I had a little disagreement. He liked me, still likes me" [7, 8, 9, 2, 3, 4].
It remains unclear if Musk or SpaceX have formally agreed to donate stock to the Trump Accounts program. Reports say discussions between SpaceX and the US government are ongoing [5, 11, 7, 8, 9, 6, 10, 4].
The Trump Accounts program will officially launch on July 4, 2026, coinciding with the US 250th Independence Day anniversary. Nasdaq and the New York Stock Exchange plan to ring their opening bells jointly in a White House Oval Office ceremony on July 6 to celebrate the program’s launch [1, 7, 8, 9, 6, 4].
