President Trump Says He Expects Elon Musk to Put SpaceX Stock Into Trump Accounts

SpaceX stock just went public, and President Trump is already talking about what Elon Musk might do with it.

In a CNBC interview, Trump said he expects Musk to donate SpaceX stock into Trump Accounts, the new children’s savings and investment program.

Asked directly if Musk would contribute, Trump said, “I think that he will do that.”

The timing is what makes this fun. SpaceX just completed an $86 billion IPO, and that stock is suddenly one of the most talked-about assets in America.

"He backed me 100%. He liked me, still likes me," Trump said of Musk. https://t.co/ZZJcBbGBl1

— Business Insider (@BusinessInsider) July 3, 2026

Trump kept the tone warm, even after his public falling out with Musk. He said Musk backed him 100 percent, liked him, and still likes him.

Business Insider reported the remarks on July 4 and tied them directly to Trump’s CNBC interview, where the president was asked whether Musk might contribute newly public SpaceX stock to the child savings program.

The report makes the status clear: this is Trump’s expectation, not a confirmed Musk commitment. Trump said he had not spoken directly with Musk about a donation since the SpaceX IPO, though he said he wrote Musk a congratulatory note after the offering.

That matters because the story sits at the intersection of politics, Musk’s public relationship with Trump, and the sudden liquidity of SpaceX shares. Business Insider also noted that SpaceX did not comment, so the open question is whether Musk will actually move stock into the accounts or leave Trump’s remark unanswered.

That is the market angle. SpaceX stock has moved from private-company paper held inside Musk’s empire to public-market equity that could potentially be contributed to a government-backed child investment program.

Trump also said Musk could join names such as Micron and Dell in backing the program. That puts SpaceX in a different conversation: rockets, Starlink, Mars, and now a possible role in long-term American household wealth.

NEWS: Trump says he expects Elon Musk to donate SpaceX stock to Trump Accounts, the children's savings program

Trump made the remark in a CNBC interview on Thursday.

Asked if Musk would contribute, Trump said "I think that he will do that."

He also described his relationship… pic.twitter.com/iUQTna7v1Z

— Muskonomy (@muskonomy) July 3, 2026

Here is how the program itself works.

The IRS says Trump Accounts are for children who have not turned 18 by the end of the election year and who have valid Social Security numbers.

The pilot includes a $1,000 contribution for U.S.-citizen children born from January 1, 2025 through December 31, 2028, again with valid Social Security numbers. Families start by signing in through ID.me and submitting Form 4547.

The IRS says the application takes five to ten minutes, and it tells families to have the child’s Social Security number, their own SSN or ITIN, and basic contact information ready. That is the practical piece for parents: account setup opens on July 4, with the IRS spelling out the forms, identity check, and information families need.

Treasury Secretary Scott Bessent said every eligible American child born from January 1, 2025 through December 31, 2028 can receive the $1,000 Treasury contribution. The money is immediately invested in an index fund, which is why a possible SpaceX stock contribution would fit the long-horizon design.

The Treasury Department said family, friends, and employers can contribute up to $5,000 per account each year, starting July 4 on America’s 250th anniversary.

Big private money is already lining up behind it. Treasury said Michael and Susan Dell pledged $6.25 billion to help fund accounts for 25 million children under age 10, while Ray and Barbara Dalio pledged $75 million for more than 300,000 children in Connecticut.

Treasury also framed the accounts as a way to get children invested early, with private-sector support layered on top of the federal contribution. That is why the SpaceX question lands differently after the IPO: Musk would not be donating a symbolic check, he could be putting a newly public rocket-company asset into kids’ long-term accounts.

Musk has made no public commitment. The fact that a newly public SpaceX is already part of this conversation says a lot about how far the company has come.