SpaceX (SPCX) Stock: What Investors Should Know About Trump Accounts Talks

TLDR

• SpaceX (SPCX) stock climbed 1.59% as news broke of donation talks with the Trump administration.
• The discussions involve contributing stock to new children’s savings accounts called Trump Accounts.
• No deal has been confirmed, and the size or structure of any donation remains unknown.
• Trump Accounts are set to launch as soon as next Monday, backed by Treasury, BNY Mellon, and Robinhood.
• More than 6 million children are already enrolled, with Michael Dell among other major donors.

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SpaceX (SPCX) stock moved up 1.59% on Monday following reports that the company has held talks with the Trump administration about donating stock to a new federal savings program. Robinhood (HOOD) stock also ticked higher, adding 0.22% on the news.

Space Exploration Technologies Corp., SPCX

The discussions center on Trump Accounts, a children’s investment program created by Congress last year. The accounts are expected to go live as soon as next Monday.

A person familiar with the matter told Semafor that SpaceX and government officials have spoken about a possible stock contribution. No agreement has been reached, and it’s still not clear if Elon Musk has personally signed off on anything.

It’s also unknown how much stock could be involved or what structure a donation would take. Spokespeople for SpaceX, the White House, and the Treasury Department all declined to comment.

A Thawing Relationship

Any donation from SpaceX would mark another step in the ongoing repair job between Musk and President Trump. The two had a public falling out last year after Musk left his role running DOGE, the government’s cost-cutting initiative.

Musk was once one of Trump’s earliest and biggest political backers. His exit from the administration was widely seen as messy, but recent signals suggest the two sides are mending fences.

SpaceX is now valued at roughly $2.2 trillion following its record-breaking IPO earlier this month. That scale would make any contribution to Trump Accounts one of the largest single corporate gestures tied to the program so far.

The idea of tech companies donating equity to government programs isn’t new. OpenAI’s Sam Altman raised a similar concept last year, though a planned meeting between Trump and AI executives never came together.

How the Accounts Work

Treasury Secretary Scott Bessent has pushed for using corporate equity stakes to help seed Trump Accounts directly. Commerce Secretary Howard Lutnick has reportedly favored a different route, steering similar contributions toward a sovereign wealth fund instead.

Trump Accounts are designed as long-term investment vehicles for children, funded through a mix of government, corporate, and individual contributions. Treasury is managing the rollout in partnership with Bank of New York Mellon and Robinhood.

The program already has heavyweight backers. Michael Dell and his wife donated $6.25 billion in cash, while BlackRock and Bank of America have agreed to match employee contributions to the accounts.

Officials say enrollment has already topped 6 million children ahead of the official launch. That number is expected to grow once the accounts formally open next week.

The White House has been actively promoting the rollout as a centerpiece of Trump’s economic legacy. National Economic Council Director Kevin Hassett said Monday that both the Nasdaq and New York Stock Exchange are planning a joint opening bell ceremony from the Oval Office.

That ceremony would mark the first time the two exchanges have rung the bell together from the White House. It’s being timed to coincide with the formal launch of Trump Accounts next week.

For now, the SpaceX donation talks remain unconfirmed and undocumented in any public filing. Investors are watching to see whether an announcement comes before or during next week’s launch event.