Shotwell says SpaceX shares will go to some Trump Accounts in December

Shotwell’s announced gift

According to Briefs Finance, Gwynne Shotwell, SpaceX’s president and chief operating officer, said on X on Friday that she and her husband, Robert, are giving more than 2 million shares of SpaceX stock to children’s Trump Accounts. She said the shares are scheduled to be distributed in December. In her post, Shotwell wrote that she and Robert were “thrilled” that the gift would go to children’s Trump accounts in December.

How the first distribution is structured

Briefs Finance reports that the donation is set up so each eligible account will receive one share. That means the initial distribution is expected to reach about 2 million recipients.

Who is included in the first round

The article says the first group targets Trump Account holders who are 11 to 17 years old and live in ZIP codes with a median family income of $57,000 or less. It also includes children in places where the U.S. Census Bureau does not publish median family income because the population is too small. Shotwell said households should expect a notification by Monday.

A second gift being planned

Shotwell also said, according to Briefs Finance, that another gift is expected to be finalized in a few weeks. She said it would cover eligible children ages 11 to 17 in military families serving overseas, children in foster care, and additional children with a median family income of $90,000 or less who live in counties near the couple’s home in Texas.

What Trump Accounts are and how they are checked

Briefs Finance says parents or guardians can confirm eligibility through the nonprofit advocacy group Invest America and follow account activity in the Trump Accounts app. The article says Trump Accounts, also called 530A accounts, can be opened for any U.S. child under 18 with a Social Security number. It adds that children born from 2025 through 2028 may also receive a one-time $1,000 contribution from the U.S. Department of the Treasury.

Policy changes and related gifts

The article says the U.S. Treasury issued temporary rules at the end of September allowing Trump Accounts to hold donated individual stocks, replacing earlier guidance that limited them to diversified, low-cost index funds. On Oct. 8, Internal Revenue Service CEO Frank Bisignano told CNBC’s “Squawk Box” that stock gifts could support larger-scale philanthropy, Briefs Finance reports. The article also says Bisignano disclosed a personal gift on Oct. 29 for qualifying children ages 2 to 8 in his hometown ZIP code, through The Bisignano Family Fund. Separately, in October, Elon Musk wrote on X that he intends to give every child in America a share of SpaceX at some point in 2027, possibly through Trump Accounts.