Saturday, 4 July 2026 MUMBAI EDITION LIVE

Trump confident Musk will donate SpaceX stock to new savings program

Trump expects Elon Musk to contribute to 'Trump Accounts' initiative despite past EV policy disagreements.

Farida Sheikh
Farida Sheikh
International Affairs Writer · Sat, 04 July 2026 at 10:45 am
Trump confident Musk will donate SpaceX stock to new savings program

President Donald Trump has expressed confidence that Elon Musk will contribute SpaceX stock to the newly launched 'Trump Accounts' savings program, an initiative designed to help American families build wealth through dedicated investment vehicles for children.

While Trump and Musk have had public disagreements over electric vehicle policies in the past, the President believes the billionaire entrepreneur will support the venture. Trump's optimism comes as the program has already secured substantial backing from prominent business leaders and corporations across multiple sectors.

The initiative has garnered impressive early support, with tech magnate Michael Dell and semiconductor executive Tan Mun Choon pledging significant personal donations. Major financial institutions and technology companies, including BlackRock, Intel, and JPMorgan Chase, have made substantial corporate pledges to bolster the program's capital base.

Several major employers have also integrated the 'Trump Accounts' into their employee benefits packages, signaling broad corporate acceptance of the savings initiative. Companies such as Uber and Wells Fargo have moved to offer the program to their workforce, potentially reaching millions of workers and their families.

The program represents an ambitious effort to expand investment opportunities for ordinary Americans, leveraging corporate support to create accessible wealth-building tools. With backing from both individual billionaires and institutional players, the initiative aims to democratize investment participation across income levels.

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