SpaceX President Pledges 500 Billion Won Donation to 'Trump Accounts'; Musk Remains Silent

Four days after U.S. President Donald Trump subtly pressured for donations of SpaceX stock to so-called "Trump Accounts," the president of SpaceX has pledged a donation worth 500 billion won.

The U.S. financial weekly Barron's reported on July 6 (local time) that Gwynne Shotwell, president of SpaceX, announced via X (formerly Twitter) that she would donate approximately 2 million shares of the company's stock to the Trump Accounts.

Based on a stock price of 162 dollars, this amounts to 324 million dollars, or approximately 495.7 billion won.

"I am thrilled to gift one share each of the SpaceX stock held by my husband and me to the Trump Accounts of over 2 million children," Shotwell explained. "These will go to accounts for 11- to 17-year-olds living in areas with lower average household incomes, with a greater emphasis on those residing near our home in central Texas."

The Trump Accounts are a key policy of the Trump administration, designed to help American children build assets through tax-deferred savings and investment accounts.

In particular, the U.S. administration provides a one-time support of 1,000 dollars for newborns born between January 1, 2025, and December 31, 2028.

Micron has previously pledged 250 million dollars to the Trump Accounts, and Michael Dell, founder of Dell Technologies, promised to donate 250 dollars each to 25 million children.

President Trump has also been requesting that Elon Musk, CEO of SpaceX and the world's wealthiest person, support the Trump Accounts through donations.

In an interview with CNBC on July 2, Trump said, "I think he (Musk) will donate (to the Trump Accounts)," adding, "Micron, a great company, has already done it, and Michael Dell is a really wonderful person."

However, CEO Musk remains silent.

He has previously expressed a negative attitude toward such donations, calling it "a really difficult thing."

Although he operates the Musk Foundation, a charitable organization, it was found that a significant portion of the 474 million dollars in donations made in 2024 went to non-profit organizations run by his close associates.
※ Please note: This article was translated by AI and may contain errors.