SpaceX is reportedly planning to donate “stocks” into Trump’s savings account, giving each newborn $1,000 for free.

According to insiders, SpaceX is discussing with the U.S. government about donating stocks to Trump Accounts, but current Treasury regulations clearly only allow "cash" donations; for stock donations to become a reality, legislative or regulatory changes would be required.
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• What are Trump Accounts? 6 million people have already registered
• Regulatory obstacles are clear, and the cabinet's stance is not unified
• Signals of reconciliation between Musk and Trump

According to insiders who spoke to Semafor, the Trump administration is seeking a large donation for the child savings account program, and SpaceX has contacted U.S. government officials regarding "donating stocks" to Trump Accounts.

However, current U.S. Treasury regulations explicitly stipulate that Trump Accounts only accept cash donations, with sources limited to parents, guardians, employers, qualified charities, and state or local governments. For stock donations to become a reality, formal changes at the legislative or regulatory level are required, and they cannot be implemented at this stage. As of the time of reporting, both SpaceX and White House official representatives have declined to comment.

What are Trump Accounts? 6 million people have already registered

Trump Accounts are a new type of personal retirement account for American children under 18 who hold a Social Security number, expected to officially launch on July 4, Independence Day. Parents can apply for their children through the dedicated app that has already been made available for download.

As of the eve of the launch, 6 million children have completed registration. Any child born between 2025 and 2028 will receive a one-time seed funding of $1,000 from the government. Families can deposit up to an additional $5,000 per year, and this money will be automatically invested in government-designated "American winning enterprises."

Although Trump Accounts are more restricted in account functions and withdrawal conditions than regular IRAs, the Treasury Department officially characterizes them as "the most historic American family policy in decades." Trump himself has listed Trump Accounts as a core project of his political legacy.

Currently, several companies and individuals have responded to the donation call: billionaire Michael Dell and his wife Susan donated $6.25 billion in cash; BlackRock and Bank of America have pledged to match employee donations.

Regulatory obstacles are clear, and the cabinet's stance is not unified

The regulatory challenge of stock donations is not the only point of disagreement within Trump Accounts. Regarding the account's positioning, Treasury Secretary Bessent tends to use "stock holdings" as the source of seed funding; Commerce Secretary Lutnick advocates steering the account toward a model similar to a "sovereign wealth fund."

The divergence in their structural design approaches remains unclear to date.

Signals of reconciliation between Musk and Trump

The political implications of this discussion are also noteworthy. Musk was once one of Trump's most important allies and financial backers, and led the "Department of Government Efficiency" (DOGE) as a special government employee for about four months, but ultimately parted ways on bad terms. If SpaceX eventually completes the stock donation, it is widely believed that this will help solidify their political reconciliation.

However, everything is still up in the air: whether the donation will happen, how the stocks will be priced and structured, and the actual impact on the overall value of the accounts—all remain unclear. Whether Trump Accounts can deliver an impressive policy report card on Independence Day as scheduled, while many institutional details remain to be clarified, remains to be seen.