President Donald Trump said he believes Elon Musk could support the new Trump Accounts program by contributing SpaceX stock, adding fresh attention to the administration’s child investment initiative. Trump shared the expectation during an interview with CNBC as the White House prepares for the program’s nationwide launch on July 4.
The proposal already has backing from several major business leaders, and officials hope broader corporate participation will strengthen long-term investment opportunities for American children. Consequently, Musk’s involvement could further increase public interest while encouraging additional companies to join the effort.
Corporate Support Continues to Grow
According to CNBC, every eligible child born between 2025 and 2028 will receive a $1,000 government-funded investment account. Families, employers, charities, and businesses can contribute additional cash or publicly traded shares over time.
Moreover, Treasury officials said cash deposits will automatically track the S&P 500 through a low-cost investment fund. Micron Technology pledged $250 million, while Michael and Susan Dell committed $6.25 billion for millions of children.
Musk’s Role Remains Unconfirmed
Musk has not announced any plans to participate. However, Trump indicated their relationship has improved after previous disagreements over federal spending. Additionally, SpaceX shares traded at $162 as of press time, rising 2.83%, reflecting continued investor confidence.
Related: SpaceX Joins the Nasdaq 100 on July 7: What It Means for the Market
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