{"id":3119,"date":"2026-07-10T07:40:32","date_gmt":"2026-07-10T07:40:32","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=3119"},"modified":"2026-07-10T07:40:32","modified_gmt":"2026-07-10T07:40:32","slug":"trump-cheers-gwynne-shotwell-as-elon-musks-spacex-no-2-gives-325-million-in-stock-to-trump-accounts","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=3119","title":{"rendered":"Trump cheers Gwynne Shotwell as Elon Musk\u2019s SpaceX No. 2 gives $325 million in stock to Trump Accounts"},"content":{"rendered":"
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\u201cThank you to the brilliant and highly respected Gwynne Shotwell, and her husband, Robert, for their extreme generosity in helping children to attain the ever magnificent American dream!\u201d Trump wrote on Truth Social, calling it \u201cTheir Gift of 325 Million Dollars of SpaceX Stock.\u201d<\/p>\n

Read more Harry Styles fans flew to Amsterdam, paid a 21% premium for hotels, and sent inflation soaring. One Gen Zer paid $1,000 for a tiny \u2018box\u2019 hotel room<\/a><\/p>\n

Shotwell did not put a number on her donation in her own announcement of the stock gift, but if Trump\u2019s $325 million figure holds true, it would make Shotwell one of the most prominent individual supporters of Trump Accounts, a new type of individual retirement account for children, coming at the heels of tech billionaire Michael Dell and his wife Susan, who pledged a total of $6.25 billion to Trump Accounts.\u00a0<\/p>\n

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In her announcement on X, Shotwell clarified that her gift goes to children between 11 to 17 who \u201clive in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home.\u201d\u00a0<\/p>\n

Trump wasn\u2019t the only person that praised the SpaceX president. Fellow Trump Accounts donor Michael Dell lauded Shotwell on X, writing \u201cGifting SpaceX shares to 2M kids\u2019 TrumpAccounts is legendary generosity. Empowering the next generation with ownership in our future among the stars.\u201d<\/p>\n

Trump\u2019s praise for Shotwell came after he had suggested that Elon Musk might contribute SpaceX stock to Trump Accounts. In an interview with CNBC\u2019s Joe Kernan last week, the president responded \u201cWell, I think he will do that,\u201d when asked if Musk will join fellow billionaire donors in helping fund Trump Accounts. Musk has not publicly confirmed such a contribution.<\/p>\n

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The IRS says Trump Accounts are available for children who have not turned 18 before the end of the calendar year in which the account election is made and who have a valid Social Security number.\u00a0<\/p>\n

Read more Fed\u2019s Williams says AI is now his main inflation concern<\/a><\/p>\n

Seeded with a one-time $1,000 federal contribution for U.S. citizen children born between 2025 through 2028, the accounts went live on the Fourth of July, with Trump ringing the opening bell the following Monday to celebrate.\u00a0<\/p>\n

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More than 6 million children have signed up for Trump Accounts since enrollment opened earlier this year and 1.4 million of them are eligible for the $1,000 federal seed deposit, Fortune<\/em> previously reported. Fortune<\/em> also reported that for those who don\u2019t qualify for the $1,000, other contributions can come from parents, family members and friends who can give up to $5,000 annually in after-tax dollars for years before the child turns 18.\u00a0<\/p>\n

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The Dells\u2019 $6.25 billion contribution gave $250 each to the first 25 million qualifying American children who signed up for Trump Accounts.\u00a0<\/p>\n

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\u201cThis makes every child a shareholder in the greatest prosperity-creating engine the world has ever known \u2014 American capitalism,\u201d Dell wrote in an X post.<\/p>\n

Read more Amazon\u2019s CTO on how developers can ride the AI-powered coding wave<\/a><\/p>\n

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The SpaceX stock gift joins the Dells’ $6.25 billion contribution to the investment accounts for children as Elon Musk hasn\u2019t confirmed his own<\/p>\n","protected":false},"author":1,"featured_media":3118,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[161],"tags":[],"class_list":["post-3119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spacex"],"yoast_head":"\nTrump cheers Gwynne Shotwell as Elon Musk\u2019s SpaceX No. 2 gives $325 million in stock to Trump Accounts - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=3119\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump cheers Gwynne Shotwell as Elon Musk\u2019s SpaceX No. 2 gives $325 million in stock to Trump Accounts - 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