Gwynne Shotwell donates SpaceX shares valued at over $324 million to benefit 2 million low-income children aged 11-17.
SpaceX President Gwynne Shotwell announced a donation of company stock valued at over $324 million to Trump Accounts for more than 2 million American children. The pledge targets households below average income thresholds, primarily in central Texas, based on SpaceX shares closing at $162 last week.
Shotwell owns approximately 12.6 million SpaceX shares, according to IPO filings. The donation follows remarks by former President Donald Trump suggesting Elon Musk would contribute to the same accounts. Neither Musk nor SpaceX has publicly commented on the matter.
Treasury guidance issued last week permits stock donations to the accounts but lacks clarity on execution mechanics. The announcement has not prompted immediate market reaction in SpaceX or related equities.