'I think that he'll do that': Trump on Musk donating SpaceX stock to Trump Accounts

President Donald Trump has expressed confidence that Elon Musk will donate a portion of his newly public aerospace company, SpaceX, to “Trump Accounts”, which is the federal government’s newly launched investment savings program for American children.

In an interview to CNBC, Trump revealed that he has not spoken to Musk directly since the billionaire briefly crossed the historic milestone to become the world's first trillionaire following SpaceX's massive public market debut.“I wrote him a note, I said congratulations,” Trump shared. When pressed on whether Musk would contribute a slice of his aerospace empire to the national savings initiative, the president responded confidently: “Well, I think that he will do that.”This comes some time after the two previously had a highly publicised falling-out when Trump followed through on a campaign pledge to dismantle federal subsidies and production mandates for electric vehicles. The move directly impacted Tesla, and ‘rattled’ Musk. Musk, who had previously been one of Trump's most prominent campaign backers, attacked Trump publicly. However, Trump brushed off their past friction as a temporary corporate disagreement.

“He backed me 100%. He liked me, still likes me,” Trump told CNBC, adding that while Musk was naturally “not thrilled” about losing electric vehicle incentives, the relationship remains intact. “I can understand it, but he's doing good,” the President added..

What are ‘Trump Accounts’

Created under a Republican tax and spending law passed last year, Trump Accounts are designed to build generational wealth for young Americans. The US Treasury automatically deposits $1,000 into a tax-advantaged account for every American child born between January 1, 2025, and December 31, 2028.

The funds are automatically locked into low-fee US equity index funds, and once the child turns 18, the investment converts into a long-term, retirement-style nest egg.

Who has donated billions in Trump Accounts

During the interview, Trump also singled out tech billionaire Michael Dell, calling him a “fantastic guy” for cutting a massive $6.25 billion donation check to the program, alongside a substantial corporate pledge from memory chip giant Micron.“That's a tremendous amount, I don't care how rich you are,” Trump noted. Corporate Pledges to Trump Accounts include BlackRock, Intel, JPMorgan Chase: $1,000 match per employee child.Other major American corporations are integrating the program into their standard employee benefits. Companies including Uber, Comcast, and Wells Fargo have confirmed direct contributions to the accounts of their employees' children.