SpaceX President Also Donates to "Trump Account"... Musk Remains Silent
Seed Fund Deposit Program for Infants
Entrepreneurs Have Previously Donated Company Shares
Gwynne Shotwell, President of SpaceX, the space company founded by American entrepreneur Elon Musk, is reported to have donated the company’s shares to what is known as the ‘Trump Account.’ The Trump Account is a financial support program for minors run by the U.S. government.
According to reports by CNBC and other foreign media outlets on July 6 (local time), Gwynne Shotwell, President and Chief Operating Officer (COO) of SpaceX, announced on her social media account X (formerly Twitter) that she will participate in the Trump Account donation campaign.
Shotwell is expected to donate assets, including her and her husband’s SpaceX shares. Through this move, she joins other global corporations and billionaires in making significant contributions to the Trump Account.
The donations will be distributed among approximately two million Trump Accounts. Children living in the central Texas region, where the Shotwell couple resides, will receive a slightly larger allocation.
Regarding the donation, Shotwell commented, “I hope this gift inspires the next generation to continue humanity’s journey to live and travel among the stars.”
SpaceX was listed on the New York Stock Exchange last month, and Shotwell became one of the company's largest individual shareholders by holding shares worth 2.4 billion dollars (approximately KRW 3.6 trillion).
Meanwhile, U.S. President Donald Trump also mentioned in an interview that he hopes Musk will donate company shares to the Trump Account. However, Musk has not yet officially expressed an intention to donate.
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The Trump Account program officially launched on July 4. Under this program, the U.S. Treasury will deposit seed money of 1,000 dollars (about KRW 1.5 million) for babies born between 2025 and 2028.
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