Key facts
- President Donald Trump expects Elon Musk to donate SpaceX stock to Trump Accounts.
- Trump described his past disagreement with Musk as a "little dispute" over electric vehicle subsidies.
- SpaceX's stock has been volatile since its IPO, but the company remains highly valued.
- Trump Accounts are tax-advantaged investment accounts for children born between 2025 and 2028.
- Michael Dell has pledged $6.25 billion to the Trump Accounts program.
President Donald Trump expressed his expectation that Elon Musk will donate SpaceX stock to the US government's Trump Accounts program, despite a past disagreement between the two.
In an interview with CNBC, Trump stated he believes Musk will make the donation, even though they have not spoken directly since SpaceX's recent IPO. Trump characterized their previous falling-out as a "little dispute" stemming from his decision to reduce subsidies and mandates for electric vehicles, a move that he acknowledged Musk was "not thrilled" about.
SpaceX's stock has experienced volatility since its $85 billion IPO, but the company remains one of the world's most valuable. If Musk's stock is donated, it would add to a growing list of corporate contributions to the Trump Accounts, which are tax-advantaged investment vehicles established for children born between January 1, 2025, and December 31, 2028. These accounts are initially seeded with $1,000 from the Treasury and invested in low-fee US equity index funds.
Trump highlighted significant contributions from Michael Dell, who pledged $6.25 billion, and a commitment from Micron. Other companies, including Uber, Comcast, and Wells Fargo, are also contributing to employees' children's accounts, while firms like BlackRock, Intel, and JPMorgan Chase plan to match the government's initial deposit.