Trump Accounts Get A SpaceX Stock Boost

SpaceX (NASDAQ: SPCX) President Gwynne Shotwell announced on Sunday, July 6, 2026 that she and her husband will gift a share of SpaceX stock to a Trump Account for each of more than two million American children one of the largest personal contributions yet to the newly launched federal child investment program. Shotwell said the donation will focus on children ages 11 to 17 who live in areas with lower average household incomes, with additional emphasis on families near her Central Texas home. The gift comes just days after Trump Accounts, also known as Section 530A accounts, officially launched on July 4, 2026, as the United States marked its 250th anniversary. Under the program, every U.S.-citizen child born between January 1, 2025, and December 31, 2028, is eligible for a one-time $1,000 seed contribution from the Treasury. Older children can also open accounts but do not receive the federal deposit. As of launch, more than 6 million families had signed up, with roughly 1.4 million children eligible for the federal seed. Contributions to accounts are capped at $5,000 per year from all non-government sources. Under-the-hood, the accounts are required to hold low-cost broad-market index funds such as SPYM, with stock donations transferred to the Treasury for management rather than held directly by the child. Shotwell's pledge joins a growing list of major corporate and philanthropic commitments: Michael and Susan Dell pledged $6.25 billion, or $250 each, to up to 25 million children ages 10 and under; Ray and Barbara Dalio committed at least $75 million for more than 300,000 Connecticut children; Micron Technology committed $250 million; and JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, BlackRock, Nasdaq, Coinbase, Vanguard, Charles Schwab, and others have announced $1,000 employer matches for eligible employees' children. Elon Musk has separately argued that in a future of AI and robotics, there may be "no need to save money" at all. Image from Shutterstock via Ron Adar and content from Youtube: @spacespan. #TrumpAccounts #SpaceX #InvestAmerica 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 🖥️ Want the same tools the pros use—without the $10K Bloomberg terminal? Benzinga Edge gives you real-time portfolio alerts, weekly stock picks, and pro-grade research in one command center. 👉 https://bit.ly/4unSKiB ------------------------------------------------------------------------------------ 📲 Follow us on socials @benzinga 🔔 Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes.