By Adam Clark

A top SpaceX executive has pledged to donate millions of shares to Trump Accounts, just days after President Donald Trump brought up the idea, but it's not CEO Elon Musk.

SpaceX President Gwynne Shotwell said she and her husband would give shares of their stock in the space-and-telecoms company to more than two million children via the Trump Accounts, in a post on social-media site X on Monday.

Trump Accounts are tax-advantaged savings accounts for children under 18 which officially launched on Saturday. Any child with a Social Security number is eligible. A number of companies have pledged to deposit additional funds to jump-start children's savings, with anyone born between 2025 and 2028 also set to receive a $1,000 deposit from the Treasury Department.

"Every American child under 18 can benefit from having a Trump Account, but our gift specifically goes to the Accounts of children (ages 11-17) that live in areas with lower average household incomes with a bit more emphasis for those that live near our central Texas home," Shotwell wrote on X.

Shotwell's gift is a sizable one, worth more than $324 million at SpaceX's closing price of $162 late Thursday, before the holiday weekend. Filings for the company's initial public offering earlier this year showed she owned about 12.6 million SpaceX shares.

President Trump had suggested last week that Elon Musk might donate SpaceX shares to the Trump Accounts during a CNBC interview on Thursday. In the same interview, Trump said he had a very good relationship with Musk despite a "little dispute" about policy on electric vehicles.

Musk has not publicly responded to the suggestion of a stock donation and SpaceX didn't immediately respond to a request for comment from Barron's.

More than six million children were enrolled in the Trump Accounts as of early June, according to the Treasury Department. A Barron's analysis found that official return projections for the accounts are not adjusted for inflation, meaning the real value available when a child turns 18 is likely to be notably less than official forecasts.

Write to Adam Clark at adam.clark@barrons.com

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