Gwynne Shotwell, SpaceX's president and chief operating officer, posted Friday on X that she and her husband, Robert, are giving "over 2 million shares of SpaceX stock" to children's Trump Accounts, with distribution set for December. "Robert and I are thrilled that our gift of over 2 million shares of SpaceX stock will be distributed to children's Trump accounts in December!" she wrote.
The donation is structured to deliver one share per eligible account, which puts the initial reach at around 2 million recipients.
The initial pool targets Trump Account holders ages 11 to 17 who reside in ZIP codes where the median family income is $57,000 or less, or in areas where the U.S. Census Bureau does not publish a median family income because the resident count is too small. Shotwell said that households can expect to get a notification by Monday.
She added, "In a few weeks, an additional gift will be finalized for eligible 11 to 17-year-old children in military families serving overseas, children in foster care, and more children whose MFI is $90,000 or less living in counties near our home in the great state of Texas."
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Parents or guardians can confirm eligibility via the nonprofit advocacy organization Invest America and monitor account activity in the Trump Accounts app. Trump Accounts, also called 530A accounts, can be opened for any U.S. child younger than 18 who has a Social Security number. Those born in the years 2025 through 2028 could additionally get a one-time $1,000 contribution from the U.S. Department of the Treasury.
At the end of September, the U.S. Department of the Treasury issued temporary rules allowing Trump Accounts to accept donated individual stocks, a change from earlier guidance that limited holdings to diversified, low-cost index funds. On Oct. 8, Internal Revenue Service CEO Frank Bisignano told CNBC's "Squawk Box" that permitting stock gifts could enable larger-scale philanthropy.
On Oct. 29, Bisignano disclosed a personal gift to Trump Accounts for qualifying kids ages 2 to 8 who live in 11234 - his hometown ZIP code - per The Bisignano Family Fund. Separately, in October, Elon Musk wrote on X that he intends to provide every kid in America with a share of SpaceX at some point in 2027, potentially delivered through Trump Accounts.
Two things are shifting at once: the rulebook now permits stock donations into these accounts, and large donors are lining up with SpaceX shares. In plain English, that expands what can land in a child's Trump Account and signals more high profile gifts could follow.
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