SPCX Slips Overnight On Report Of Potential SpaceX Stock Donation To Trump Accounts

• Trump officials reportedly discussed a possible donation of SpaceX stock to Trump Accounts.
• The move could mark another step in Elon Musk’s reconciliation with U.S. President Donald Trump.
• A SpaceX donation would carry political weight after Musk and Trump’s relationship soured during the DOGE fallout.

SpaceX shares slipped 0.3% overnight heading into Monday after a report said that Trump officials have spoken with the company about a potential stock donation, potentially marking another step in CEO Elon Musk’s reconciliation with the president. 

SPCX stock jumped 7% on Monday amid volatile trading to end at $164.19, logging its second straight session in the green.

SpaceX May Reportedly Join Trump Accounts Initiative 

The Trump administration has spoken with SpaceX about donating stock to children’s savings accounts known as Trump Accounts, Semafor reported, citing a person familiar with the matter. The accounts are expected to launch next week as part of a broader government-backed investment program for children.

It remains unclear whether Musk has agreed to contribute SpaceX stock or how any donation would be structured. The Treasury Department has partnered with Bank of New York Mellon and Robinhood on the rollout. 

The report also comes shortly after Musk pushed back against claims that government support helped build Tesla and SpaceX. Musk called such claims “totally false,” saying every government incentive his companies ever received amounted to “less than 2%” of the value of Tesla and SpaceX. He also argued that some incentives benefited rivals more than his own companies.

What Are Trump Accounts?

Trump Accounts are being pitched as a major legacy program for the administration, aimed at creating investment accounts for children.

The initiative has already drawn big private-sector support. Billionaire Michael Dell and his wife donated $6.25 billion in cash, while companies including BlackRock and Bank of America have agreed to match donations made by employees. More than 6 million children have reportedly enrolled so far.

White House economic adviser Kevin Hassett also teased a high-profile launch event next week, saying Nasdaq and the New York Stock Exchange would ring the opening bell from the Oval Office “for the first time together” to mark the rollout.

Potential Donation Adds To Signs Of Musk-Trump Thaw 

Any SpaceX stock donation would carry political weight, potentially cementing the ongoing thaw between Musk and U.S. President Donald Trump after their relationship imploded last year. Musk was an early Trump ally and donor, but the relationship soured after his four-month stint as a special government employee running DOGE, the administration’s controversial budget-cutting effort.

The fallout became public when Musk criticized Trump’s tax-and-spending package as a “disgusting abomination,” warning that it would worsen federal deficits. Trump later said Musk was upset because the administration “took the EV mandate,” a claim Musk rejected.

How Do Retail Traders Feel About SPCX?

On Stocktwits, retail sentiment for SPCX was ‘bearish’ amid a 278% jump in 24-hour message volumes.

One user said, “$SPCX Elon is putting shares in retails hands and more now with trump accounts which will just lock up the float and make it even harder for institutions that thrive on buying big blocks and dumping them surgically”

Another user said, “$SPCX This stock is radioactive right now, I've never seen something more polarizing. If we get a good dip I will consider re-entry.”

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