SpaceX COO to donate over 2 million SpaceX shares to Trump’s account, with the first tranche of funds to be disbursed in December

SpaceX President and COO Gwynne Shotwell announced on X on Nov. 1 that she and Robert will donate over 2 million SpaceX shares to be distributed in December to eligible children's Trump Accounts, with the shares currently being transferred into escrow. The first group of beneficiaries includes children aged 11 to 17 living in zip codes where median household income is at or below $57,000, as well as children in areas too sparsely populated to have income statistics, with eligible families expected to receive notice by Monday. Additional donations to be finalized in the coming weeks will cover children of U.S. military families stationed overseas, foster children, and eligible children in certain Texas counties where median household income is at or over $90,000. The program has support from SpaceX, the U.S. Treasury Department, the IRS, and related foundations. The specific valuation of the donated shares has not been disclosed, and the size of the stake and its potential market impact remain key details to watch.