Eligible Trump account holders will begin receiving SpaceX stock in December.
Soon after Elon Musk pledged to give every American child one SpaceX share, another high-level company executive reaffirmed her commitment to donating stock.
Gwynne Shotwell, SpaceX’s president and chief operating officer, said in an Oct. 30 post on X that she and her husband will gift more than 2 million shares to Trump Accounts next month. Shotwell first announced she would make a contribution in July.
“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!” Shotwell wrote on social media.
The shares will be distributed to eligible 11- to-17-year-olds living in ZIP codes with median family incomes of $57,000 or less, as well as in areas where census income data are unavailable.
Notices were scheduled for delivery to eligible families on Nov. 2.
“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,” Shotwell said.
Other prominent individuals made similar commitments over the past year.
The Michael and Susan Dell Foundation pledged an estimated $6.25 billion, offering $250 in contributions to millions of eligible children in low-income ZIP codes.
Billionaire investor Ray Dalio and his wife, Barbara, pledged $250 per child for about 300,000 eligible children in Connecticut ZIP codes. Altimeter Capital’s Brad Gerstner will gift $250 per eligible child in Indiana.
IRS CEO Frank Bisignano confirmed last month that he is donating to Trump Accounts for eligible children aged 2 to 8 living in his hometown ZIP code, 11234.
“Trump Accounts are transformational savings vehicles that will provide the next generation and future generations a strong financial foundation,” Bisignano said in an Oct. 29 news release.
“President Donald J. Trump has created life-changing opportunities for America’s children through Trump Accounts, enabling them to benefit from capitalism and the incredible U.S. economy. I hope this gift encourages others to support children in their communities and across our great country.”
Musk became the latest high-profile individual to pledge donations. His X announcement came shortly after artificial intelligence giant Anthropic said it will contribute 5 percent of its shares to a new public benefit fund, which could grow as the company’s valuation increases.
Musk urged Anthropic—set for its Wall Street debut as early as this month—to give “the shares directly to the public.”
The comments reflected broader discussions about using Trump Accounts to distribute equity ownership to Americans.
Inside Trump Accounts
Also known as 530A accounts, Trump Accounts are open to any child in the United States who is younger than 18 and has a valid Social Security number. Children born from 2025 through 2028 will receive a one-time $1,000 deposit from the Treasury Department.
The White House announced last month that approximately 70 million Trump Accounts have been established, about 60 million of which were auto-enrolled. But families still must take the next step: activating these accounts.
Beyond the seed money, other funds may be available based on specific criteria.
At the end of September, the Treasury unveiled temporary measures allowing Trump Accounts to hold donated individual stocks. Previously, only diversified and low-cost index funds were permitted.
The IRS confirmed that more than 27 million accounts currently have contributions totaling close to $9 billion from families, friends, donors, and the federal government.
The White House Council of Economic Advisers projected in August 2025 that a Trump Account could surpass $300,000—based on maximum contributions of $5,000 per year from parents and a $1,000 initial seed—by the time the account holder is 18 years old.
Economists said that without any additional contributions, 18-year-olds could have $5,800 in their accounts.
Tom Ozimek contributed to this report.
