With the nationwide rollout of Trump Accounts just days away, the Trump administration has reportedly explored an unusual way to boost the new children’s savings program by seeking a stock donation from Elon Musk’s SpaceX, according to Semafor.
The reported discussions come as more than six million children have already been enrolled in the program ahead of its official July 4 launch. However, it remains unclear whether SpaceX will make a contribution or how such a donation would be structured.
According to Semafor, a person familiar with the matter confirmed that SpaceX has held discussions with U.S. officials about donating company stock to Trump Accounts. No agreement has been announced, and Musk’s response has not been made public.
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The proposal also raises questions because current U.S. Treasury guidelines reportedly do not allow stock donations to the program, leaving uncertainty over how such a contribution could be accepted if it moves forward.
Trump Accounts are individual retirement-style savings accounts available to children under 18 who have a Social Security number. Families can enroll through the Trump Accounts mobile app, while children born between 2025 and 2028 are eligible for a one-time $1,000 government contribution.
The administration has promoted the initiative as a long-term investment program for American families. In addition to the government’s seed funding, families can contribute up to $5,000 each year. Those funds can then be invested in American companies approved by the government.
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Private donors have also backed the initiative. Michael Dell and his wife have contributed $6.25 billion in cash, while BlackRock and Bank of America have pledged to match employee donations.
The program’s website highlights its investment features, stating, “The app lets you see exactly what stocks they own and how they’re performing,” while adding that “big things start with small steps.”
While the administration has positioned Trump Accounts as a signature policy aimed at helping families build long-term savings, questions remain over whether corporate stock donations, including a potential contribution from SpaceX, can fit within the program’s current legal framework.