Global Markets
Trump Thanks SpaceX President for $325 Million Stock Gift
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President Donald Trump thanked SpaceX president Gwynne Shotwell for a $325 million SpaceX stock gift to Trump Accounts, a new type of individual retirement account for children. Shotwell and her husband Robert made this donation to support the future well-being of children. Trump expressed his gratitude on Truth Social, praising Shotwell and her husband for their 'extreme generosity' in helping children achieve the 'American dream'. This gift follows a $6.25 billion donation by Michael Dell and his wife Susan to Trump Accounts. Shotwell clarified that the gift targets children between 11-17 years old, with a focus on those from lower-income families.
Markets are closely watching how such large-scale donations will impact future economic balances.