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Gwynne Shotwell and her husband plan to donate more than two million SpaceX shares through Trump Accounts to eligible children, with distributions beginning in December.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Around 2 million children will begin receiving donated shares of SpaceX stock through Trump
00:07accounts in December, according to CNBC. SpaceX president and COO Gwynne Shotwell announced
00:14Friday that she and her husband are donating more than 2 million shares. Eligible recipients are
00:20between 11 and 17 years old and live in zip codes with median family incomes of $57,000 or less.
00:27Additional donations are planned for eligible children in military families overseas,
00:32foster care, and certain Texas counties. Trump accounts are available to U.S. children under
00:3818 with Social Security numbers. Children born from 2025 through 2028 may receive a one-time
00:45$1,000 Treasury Department deposit. Parents and guardians can check eligibility for the SpaceX
00:51stock donation through Invest America and track account activity using the Trump Accounts app.
00:57For all things money, visit Benzinga.com.