Trump Praises Shotwell's $325M SpaceX Gift as Shares Fall to $148
President Trump publicly praised SpaceX President Gwynne Shotwell on July 10 for donating over $324 million in SpaceX stock to the Trump Accounts program, targeting more than two million children. The story began June 30 with operational catalysts including an eight-mile Texas natural gas pipeline for Starbase and discounted Starlink service in Memphis. On July 6, Shotwell announced the pledge while SPCX shares traded at 162.00, up 2.83%, following Q1 results showing 15% revenue growth to $4.69 billion despite a widened net loss. The donation, valued around $296-325 million, highlights continued political and investor attention on SpaceX after its $75 billion IPO.