Trump Expects Musk to Donate SpaceX Stock to $1,000 Child Accounts
Updated
Updated · Business Insider · Jul 3
Trump Expects Musk to Donate SpaceX Stock to $1,000 Child Accounts
3 articles · Updated · Business Insider · Jul 3
Summary
Trump said in a CNBC interview he expects Elon Musk to donate SpaceX stock to Trump Accounts, though he added the two have not spoken directly since SpaceX’s $85 billion IPO.
The president tied that expectation to a still-strong relationship with Musk after their dispute over electric-vehicle subsidies, calling it a “little dispute” and saying Musk “still likes me.”
Trump Accounts were created under last year’s Republican tax-and-spending law, with the Treasury seeding $1,000 for every American child born from Jan. 1, 2025, through Dec. 31, 2028.
Corporate support is already building: Trump cited Michael Dell’s $6.25 billion donation and a Micron pledge, while Uber, Comcast and Wells Fargo confirmed contributions and BlackRock, Intel and JPMorgan pledged matches.
Any SpaceX donation would add to a growing corporate funding stream for the program, even as the company’s shares remain volatile after last month’s record-breaking IPO.