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Trump Account holders to receive SpaceX stock from Gwynne Shotwell

Original: Trump Account holders to receive SpaceX stock from Gwynne Shotwell in December

Gwynne Shotwell, SpaceX's president, will distribute SpaceX stock to Trump Account holders in December, according to CNBC. Trump Accounts are the new government-backed investment accounts for children created under President Trump's tax law, and this would mark an unusual private donation of pre-IPO shares to them. Details of the arrangement, including how the shares would be valued or held, have not been fully explained.

Why now: A rare transfer of private SpaceX shares to government-backed children's accounts raises questions about valuation, feasibility and precedent.

Gwynne ShotwellSpaceXDonald TrumpTrump AccountsCNBC

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