Trump Predicts Musk SpaceX Donation While Shotwell Pledges $325 Million

President Trump stated on July 9 that Elon Musk will donate SpaceX stock to the Trump Accounts program, though Musk has yet to confirm. The expectation follows SpaceX president Gwynne Shotwell's July 6 pledge of $325 million in shares to benefit over 2 million children, mainly ages 11-17 in lower-income areas. The story began June 30 with reports of internal SpaceX discussions on contributing equity as ties between Musk and Trump warmed. SpaceX's record $85 billion IPO last month, which briefly made Musk the world's first trillionaire, has amplified attention on the company's philanthropy. Other firms including Dell, BlackRock, and JPMorgan have also pledged support for the accounts seeded with $1,000 Treasury deposits.