The first "gift" after the warming of relations? SpaceX reportedly plans to donate shares to the "Trump account"

According to sources familiar with the matter, SpaceX has discussed the possibility of donating stock to a new children's savings plan called the "Trump Account" to the Trump administration. The discussion comes at a time when Elon Musk and President Trump seem to be repairing their relationship, which had soured since Musk left the government last year. No agreement has been announced yet, and it is currently unclear whether Musk will donate SpaceX stock, how much he might donate, or in what form such donations would take. For investors, these discussions highlight two emerging themes: the growing political influence of private tech companies and the possibility that stock of privately held companies with high valuations could become part of government-supported wealth accumulation programs. After going public recently, SpaceX's market value reached approximately $2.2 trillion, and any donations from the company would further emphasize its growing influence in Washington. The "Trump Account" was created through legislation approved by Congress last year. The program aims to provide investment accounts for children, promoted by the Trump administration as a long-term savings tool to help families accumulate wealth over time. The U.S. Treasury Department is overseeing the launch of the program in conjunction with New York TrustCo Bank Corp NY and Robinhood. The idea of introducing private company stock into government-supported savings plans has been circulating in Washington for over a year. OpenAI CEO Sam Altman had previously proposed the idea of tech companies donating stock to public programs. Government officials have been debating whether such assets should support the "Trump Account" or be introduced into a more extensive sovereign wealth fund. These accounts have attracted significant support from the private sector. Michael Dell Technologies, Inc. Class C and his wife have pledged to donate billions of dollars in cash, while companies like BlackRock, Inc. and Bank of America Corp have agreed to provide matching donations for employee contributions. Before the official launch, government officials say that over six million children have already registered to participate. The White House has positioned the "Trump Account" as a flagship economic initiative, and officials plan to hold a high-profile launch event next week, with both the New York Stock Exchange and NASDAQ participating.