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SpaceX and AMD are putting real money behind a government program that wants to turn every American newborn into a stockholder. On July 6, SpaceX President Gwynne Shotwell announced the company would donate shares of SpaceX stock to roughly 2 million eligible children through the newly launched Trump Accounts initiative. AMD made its own pledge the same day, committing funds for US-based employees’ eligible kids.
The program, which officially kicked off around July 4, provides tax-advantaged investment accounts for children under 18. Each qualifying child born between January 1, 2025, and December 31, 2028, receives an initial $1,000 government contribution.
Big tech is writing big checks
SpaceX’s contribution is notable for what it involves. Shotwell committed actual SpaceX equity, not cash, to the program. SpaceX remains private, which means these accounts would hold shares in one of the most valuable privately held companies on the planet.
AMD’s approach was narrower in scope, targeting contributions specifically for children of its US-based workforce.
But SpaceX and AMD aren’t even the biggest names on the donor sheet. Micron Technology committed $250 million to the initiative. The Dell family went considerably further, pledging $6.25 billion to fund $250 deposits for up to 25 million qualifying children in low-to-moderate income areas.
The program was established under the Working Families Tax Cuts legislation and is explicitly designed to encourage private sector participation through matching contributions. President Trump has signaled that more corporate commitments are forthcoming, positioning the initiative as an ongoing public-private partnership rather than a one-time gesture.
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