President Trump asserts Elon Musk will contribute SpaceX shares to Trump Accounts, though Musk has not confirmed the pledge.
Former President Donald Trump stated Elon Musk will donate SpaceX stock to Trump Accounts, tax-advantaged investment vehicles established under last year’s tax law. The claim follows a CNBC interview where Trump expressed confidence in the contribution despite no public confirmation from Musk.
Trump noted he had not directly discussed the donation with Musk but cited their improved relationship after a prior dispute over electric vehicle subsidies. Meanwhile, SpaceX President Gwynne Shotwell and her husband announced this week they would donate SpaceX shares to the accounts, totaling hundreds of millions of dollars.
Musk’s net worth briefly surpassed $1 trillion after SpaceX’s blockbuster IPO, though he has remained silent on the matter. The lack of confirmation from Musk contrasts with Trump’s assertion, leaving the potential donation uncertain.