Over 2 million SpaceX shares to be allocated to children’s accounts in December

SpaceX President Gwynne Shotwell and her husband Robert plan to donate more than 2 million shares of SpaceX ($SPCX) stock to US children's "Trump accounts," with distribution scheduled for December, she announced on X on October 30. The donation comes from the Shotwells personally, not from SpaceX. The first tranche targets children aged 11-17 living in ZIP code areas with median family income at or below $57,000 (about 76.1 million won), plus same-age children in sparsely populated ZIP codes lacking published median income statistics; eligibility is based on area-level median family income rather than individual household income. The first batch of shares is being moved into a separate custody account ahead of distribution. A second phase is expected to extend eligibility overseas. Watch for details on the second-round criteria, the mechanics of share custody and transfer for minors, and any disclosure of the stake's valuation.