News & Updates
The latest news and updates from companies in the WLTH portfolio.
Elon Musk's SpaceX and the vision of off-planet industrialization | Mint
Summary Dhirendra Kumar reflects on a compelling conversation with a friend about the future of space mining and manufacturing, suggesting potential shifts in industry that could change life on Earth. For once, he's not telling you to ignore the news. Readers of this column know my standard advice: switch off the the news. I have written on many occasions that the day's headlines are no friend to your portfolio, that the urgent thing on your screen tonight will look like nothing in a year, and that the investor who reacts to every news development is usually the one who fares the worst. I stand by all of it. So, it is a little awkward to admit that a few weeks ago, I came across something I could not wave away and want to tell you about, even though it has little to do with your money. The occasion was the stock market listing of Elon Musk's SpaceX, which arrived this month at a price that made him, on paper, the world's first trillionaire. The press has been full of the number, and serious people have argued, persuasively, that the company is worth a great deal less than the market is paying. They are probably right, and I have nothing to add to the valuation. But that argument is the small game. The thing that stopped me was the large one, and it came not from the financial pages but from a conversation with a friend. He is a lifelong science fiction devotee and an unabashed admirer of Musk, the sort who was reading Robert Heinlein at an age when the rest of us were reading the sports pages. Over the course of an evening, he laid out where he believes this road eventually leads, and I have not been able to put it down since. It begins with mining the asteroids. Here, he told me something I have not stopped thinking about. Every mine for heavy metals on Earth, every source of gold and nickel and iron we have ever dug, is really the site of an ancient asteroid strike, a small fragment of which happened to bury itself here long ago. The metals were never ours to begin with. They fell. And out in space, where they came from, the same materials exist in quantities that make the richest mine on Earth look like a rounding error. From there, the logic builds one step at a time. Once you are drawing raw materials from the rocks up there, it makes little sense to haul them all the way down a gravity well to Earth, so the next step is to manufacture in space, where, closer to the sun, energy is effectively free and endless. And since most of what we build exists only so that we can build other things with it, the conclusion becomes hard to resist: keep the entire industrial chain in orbit, and let only the finished articles come down to us. The end of the story is the part that has stayed with me. If heavy industry can be carried on more cheaply off the planet than on it, then Earth need no longer be the place where we make things. It can go back to being the place where we grow things and where we live, with the mines and the furnaces and the smoke lifted clean off it, and only the finished goods descending quietly from above. That, my friend says, is the destination this whole enterprise is actually travelling towards. I do not quite know what to do with this. My entire working life has been spent puncturing grand visions, because in savings and investments, a grand vision is usually the wrapping on a poor product, and the moment something sounds too grand, I reach for my wallet to check it is still there. People have promised us the future for a very long time. Flying cars and Moon holidays were always a decade away, and the safe bet on any such prophecy is that it is too early, too expensive, or simply wrong. And yet, I could not file this conversation under noise, the way I file almost everything else, and that is unusual enough to be worth sharing with you. Let me be plain that this is not a column about what to do with your money. I am not suggesting you buy this share or any other, and I would be wary of anyone who used a vision of this sort to sell you something, because that is exactly how visions are usually put to work. My reason for writing is different. Every so often, it is worth setting the portfolio aside and remembering how small a thing it is against what may be coming. We argue about the new tax regime and the right number of mutual funds, rightly, because those shape the next few years. But if even a fraction of what my friend described comes to pass, we are looking at a change in ordinary life larger than the Industrial Revolution, which remade everything our great-great-grandparents had taken to be permanent. None of us can see that far ahead, and the people pricing the share today cannot see it either, no matter what their models tell them. The honest position, in front of a future this large, is not confidence but a kind of cheerful humility. So, my advice, for once, has nothing to do with your savings. Keep ignoring the news, because it still will not help your portfolio tonight. But once in a while, lift your eyes from the statement of account and wonder what your grandchildren might come to think of as perfectly ordinary. I cannot tell you whether my friend is a prophet or a dreamer. I can only say that I am not sure he is wrong. Dhirendra Kumar is founder and chief executive officer of Value Research, an independent investment advisory firm
SpaceX Is Set to Join the Nasdaq-100 on July 7. Here's Where History Says the Stock Could Trade 1 Year From Now.
On July 7, Space Exploration Technologies (NASDAQ: SPCX) is scheduled to begin trading as a member of the Nasdaq-100 index. The Nasdaq-100 comprises the 100 largest non-financial companies listed on Nasdaq, weighted by market capitalization. For SpaceX, inclusion in the index represents a significant step toward mainstream recognition beyond technology investors. With that said, history shows that inclusion in the Nasdaq-100 rarely serves as an independent driver of sustained outperformance. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. Watch out for momentum traders The anticipation of inclusion in a major index tends to amplify trading volume and expand valuation multiples as momentum traders and growth funds pile in ahead of the official rebalancing date. Let's take a look at what happened with the share prices of some companies that joined the Nasdaq-100 in recent years. * Peloton Interactive was added to the Nasdaq-100 in December 2020. Leading up to its inclusion in the index, Peloton saw its shares surge nearly 400% as the COVID-19 pandemic supercharged demand for at-home fitness equipment. Shortly after joining the index, Peloton reached an all-time price of $167. But within about 13 months, Peloton had been removed from the Nasdaq-100 and the stock had fallen roughly 83% from its peak as pandemic tailwinds faded. * Also in 2020, Okta experienced meaningful appreciation in its share price as demand for cloud-based identity and access management solutions surged amid the rapid shift to remote work. By early 2021, Okta stock had climbed to an all-time high shortly after its inclusion in the Nasdaq-100. In a post-pandemic world, however, Okta's growth rates have normalized substantially. As a result, the stock has been stuck in a prolonged period of sideways trading for years now. * In December 2024, Strategy, formerly known as MicroStrategy, joined the Nasdaq-100. During this calendar year, the stock gained 358%, driven primarily by the company's high-profile Bitcoin treasury strategy. After peaking near the time of its late-2024 addition to the index, Strategy stock declined 68% by the end of 2025 amid shifting sentiment toward crypto proxies and Bitcoin's volatile price action. * Palantir Technologies also joined the Nasdaq-100 in December 2024. During that year, the artificial intelligence (AI) analytics darling posted a 340% return. Palantir stock continued to rally through much of 2025, supported by its strong business fundamentals. However, by mid-2026, shares have pulled back sharply from their late 2025 highs -- illustrating how even fundamentally sound companies will experience volatility once an initial wave of buying subsides. * Axon Enterprise also posted robust gains throughout 2024 as law enforcement and public safety agencies adopted its AI-enhanced hardware platform. After joining the index in December 2024, Axon -- like Palantir -- maintained upward share price momentum during 2025, yet has experienced notable pullbacks from its peaks this year. The common thread across these examples is that temporary inflows provide a one-time lift rather than a permanent valuation floor. A company's subsequent performance hinges on whether the underlying business consistently delivers impressive execution and guidance once the spotlight of index membership moves elsewhere. What will happen to SpaceX stock after joining the Nasdaq-100? Just like the companies explored above, SpaceX enters the Nasdaq-100 riding pre-inclusion momentum. This is driven by a combination of enthusiasm among retail investors and mechanical buying by exchange-traded funds. I would not be surprised to see SpaceX stock exhibit some near-term support -- possibly pushing it back toward its highs. Smart investors understand that this excitement does not alter the need for the company to prove durable progress over the coming quarters, though. Starlink subscriber growth, launch cadence, and an emerging AI infrastructure business must converge to demonstrate a path to sustained profitability. These factors will ultimately determine whether SpaceX's current valuation can be maintained or expanded. Should SpaceX's quarterly updates fall short of the market's already elevated expectations, the stock could easily face profit-taking and trade at a materially lower price one year from now. This is consistent with the pattern observed in several Nasdaq-100 additions in recent history. While index membership supports liquidity and credibility, it should be seen as a reflection of past achievements rather than a guarantee of strong future results. Investors evaluating SpaceX stock would be wise to focus on the company's operational milestones and cash-flow trajectory rather than the temporary tailwind of index-driven capital inflows. All told, a stock's record after inclusion in the Nasdaq-100 is quite mixed and frequently disappointing for investors expecting continued multibagger gains. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $418,761!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,195,804!* Now, it's worth noting Stock Advisor's total average return is 918% -- a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 4, 2026. Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends Axon Enterprise, Bitcoin, Okta, Palantir Technologies, and Peloton Interactive. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
SpaceX Is Set to Join the Nasdaq-100 on July 7. Here's Where History Says the Stock Could Trade 1 Year From Now.
On July 7, Space Exploration Technologies (NASDAQ: SPCX) is scheduled to begin trading as a member of the Nasdaq-100 index. The Nasdaq-100 comprises the 100 largest non-financial companies listed on Nasdaq, weighted by market capitalization. For SpaceX, inclusion in the index represents a significant step toward mainstream recognition beyond technology investors. With that said, history shows that inclusion in the Nasdaq-100 rarely serves as an independent driver of sustained outperformance. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Watch out for momentum traders The anticipation of inclusion in a major index tends to amplify trading volume and expand valuation multiples as momentum traders and growth funds pile in ahead of the official rebalancing date. Let's take a look at what happened with the share prices of some companies that joined the Nasdaq-100 in recent years.
Lawmakers Snap Up SpaceX Stock Days After $2 Trillion IPO
Rep. Gil Cisneros (D-Calif.) bought SpaceX stock worth $1,001 to $15,000 on June 18, three days after one of Rep. Dan Meuser's (R-Pa.) three children purchased shares valued at $15,001 to $50,000. Both investments were reported in financial disclosure statements mandated by the STOCK Act of 2012, which requires public disclosure of certain securities transactions by members of Congress and their immediate families. STOCK is an acronym for Stop Trading on Congressional Knowledge. It's legal for members of Congress and immediate family members to buy and sell stock in individual companies as long as they do not trade on confidential information gleaned from their work and disclose those transactions within 45 days.
SpaceX Is Set to Join the Nasdaq-100 on July 7. Here's Where History Says the Stock Could Trade 1 Year From Now.
On July 7, Space Exploration Technologies (SPCX +2.69%) is scheduled to begin trading as a member of the Nasdaq-100 index. The Nasdaq-100 comprises the 100 largest non-financial companies listed on Nasdaq, weighted by market capitalization. For SpaceX, inclusion in the index represents a significant step toward mainstream recognition beyond technology investors. With that said, history shows that inclusion in the Nasdaq-100 rarely serves as an independent driver of sustained outperformance. Watch out for momentum traders The anticipation of inclusion in a major index tends to amplify trading volume and expand valuation multiples as momentum traders and growth funds pile in ahead of the official rebalancing date. Let's take a look at what happened with the share prices of some companies that joined the Nasdaq-100 in recent years. * Peloton Interactive was added to the Nasdaq-100 in December 2020. Leading up to its inclusion in the index, Peloton saw its shares surge nearly 400% as the COVID-19 pandemic supercharged demand for at-home fitness equipment. Shortly after joining the index, Peloton reached an all-time price of $167. But within about 13 months, Peloton had been removed from the Nasdaq-100 and the stock had fallen roughly 83% from its peak as pandemic tailwinds faded. * Also in 2020, Okta experienced meaningful appreciation in its share price as demand for cloud-based identity and access management solutions surged amid the rapid shift to remote work. By early 2021, Okta stock had climbed to an all-time high shortly after its inclusion in the Nasdaq-100. In a post-pandemic world, however, Okta's growth rates have normalized substantially. As a result, the stock has been stuck in a prolonged period of sideways trading for years now. * In December 2024, Strategy, formerly known as MicroStrategy, joined the Nasdaq-100. During this calendar year, the stock gained 358%, driven primarily by the company's high-profile Bitcoin treasury strategy. After peaking near the time of its late-2024 addition to the index, Strategy stock declined 68% by the end of 2025 amid shifting sentiment toward crypto proxies and Bitcoin's volatile price action. * Palantir Technologies also joined the Nasdaq-100 in December 2024. During that year, the artificial intelligence (AI) analytics darling posted a 340% return. Palantir stock continued to rally through much of 2025, supported by its strong business fundamentals. However, by mid-2026, shares have pulled back sharply from their late 2025 highs -- illustrating how even fundamentally sound companies will experience volatility once an initial wave of buying subsides. * Axon Enterprise also posted robust gains throughout 2024 as law enforcement and public safety agencies adopted its AI-enhanced hardware platform. After joining the index in December 2024, Axon -- like Palantir -- maintained upward share price momentum during 2025, yet has experienced notable pullbacks from its peaks this year. The common thread across these examples is that temporary inflows provide a one-time lift rather than a permanent valuation floor. A company's subsequent performance hinges on whether the underlying business consistently delivers impressive execution and guidance once the spotlight of index membership moves elsewhere. What will happen to SpaceX stock after joining the Nasdaq-100? Just like the companies explored above, SpaceX enters the Nasdaq-100 riding pre-inclusion momentum. This is driven by a combination of enthusiasm among retail investors and mechanical buying by exchange-traded funds. I would not be surprised to see SpaceX stock exhibit some near-term support -- possibly pushing it back toward its highs. Smart investors understand that this excitement does not alter the need for the company to prove durable progress over the coming quarters, though. Starlink subscriber growth, launch cadence, and an emerging AI infrastructure business must converge to demonstrate a path to sustained profitability. These factors will ultimately determine whether SpaceX's current valuation can be maintained or expanded. Should SpaceX's quarterly updates fall short of the market's already elevated expectations, the stock could easily face profit-taking and trade at a materially lower price one year from now. This is consistent with the pattern observed in several Nasdaq-100 additions in recent history. While index membership supports liquidity and credibility, it should be seen as a reflection of past achievements rather than a guarantee of strong future results. Investors evaluating SpaceX stock would be wise to focus on the company's operational milestones and cash-flow trajectory rather than the temporary tailwind of index-driven capital inflows. All told, a stock's record after inclusion in the Nasdaq-100 is quite mixed and frequently disappointing for investors expecting continued multibagger gains.
SpaceX Just Changed the Rules for Every Future IPO. The Market is Now Eyeing These 2 Upcoming IPOs.
The first half of 2026 is over, and nothing has sparked more excitement on Wall Street than blockbuster initial public offerings (IPOs). Investors watched AI chipmaker Cerebras Systems (CBRS) make a stunning debut with its IPO in May, proving that demand for next-generation artificial intelligence (AI) companies remains exceptionally strong. Then came Elon Musk's SpaceX (SPCX), which has long been one of the world's most sought-after private companies. The long-awaited IPO became the largest in history. The company priced its offering at $135 per share on June 11 and began trading on the Nasdaq under the ticker SPCX on June 12, raising $75 billion at an initial valuation of roughly $1.77 trillion. The stock surged 19% on its debut, briefly lifting SpaceX's market cap above $2 trillion. However, shares have now pulled back amid broader concerns about lofty valuations and the company's aggressive spending plans. SPCX stock is still seeing quite a lot of volatility and is down another 6% as of this writing. It is presently trading just a little above its all-time low price. More News from Barchart These 2 Stocks Could Be Next Founded in 2002, SpaceX remained private for a long time. It repeatedly raised tens of billions from private investors and reached an enormous valuation before considering a public listing. After SpaceX's explosive entry, the market is now looking forward to OpenAI and Anthropic's IPOs. Both companies have taken the first formal step by confidentially filing the draft registration statements with the U.S. Securities and Exchange Commission (SEC). A confidential filing lets a company start the IPO review process while keeping its financial statements and offering details private until a later stage. OpenAI Is Taking a Patient Approach OpenAI is an AI company best known for ChatGPT. The company develops generative AI models and software that allow users and businesses to create content, write code, analyze data, and automate complex tasks. Earlier this month, OpenAI confirmed that it had confidentially filed for a U.S. IPO. However, more recently, Reuters reported that OpenAI is considering delaying its IPO until 2027 rather than rushing to market this year, as it seeks a valuation of up to $1 trillion. This could be because of recent investors' caution towards AI stocks that has led to a broader tech selloff. This decision aligns with SpaceX's strategy to remain private until it has reached enormous scale.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 3:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 6:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 6:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 6:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 5:37 PM.
Elon Musk Calls Report on SpaceX AI Handheld Device 'Utterly False' After Claims of an iPhone Rival Sparks Online Buzz
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk, the CEO of Space Exploration Technologies Corp., has refuted reports that his company is developing a handheld AI device. Musk took to X and responded to the reports by labeling them as "utterly false". The original post about the report was deleted later on. Utterly false -- Elon Musk (@elonmusk) July 1, 2026 Earlier this year, Musk said a Starlink phone was "not out of the question" and could be AI-optimized, but later clarified that SpaceX is not developing a smartphone. The Report In Question A report by the Wall Street Journal, published on Wednesday, indicated that SpaceX had presented investors with a prototype of a device similar to Apple Inc.'s iPhone, but "slimmer" before the IPO. As per the WSJ article, this device would run on SpaceX's proprietary system, using AI technology from xAI. The device would also include chips from Qualcomm Inc. according to the report. However, the device is reportedly still in the prototype phase, with no official name assigned, and it remains unclear whether it will ever be released to the public. The report comes after SpaceX President Gwynne Shotwell, last month, reportedly informed investors about the company's plans to launch a Starlink retail product for U.S. consumers and build its own terrestrial mobile network. Trending: Avoid the #1 Investing Mistake: How Your 'Safe' Holdings Could Be Costing You Big Time What Do The Analysts Say? An analyst at TD Cowen predicted that SpaceX could pursue an acquisition of T-Mobile US Inc. to expand its wireless ambitions, leveraging its existing Starlink partnership and targeting the growing mobile connectivity market. In its IPO filing, SpaceX estimated a $740 billion addressable market for Starlink Mobile, signaling plans to expand the service and compete with carriers such as Verizon Communications and AT&T. On the other hand, analysts at Vital Knowledge said SpaceX faces significant hurdles in scaling consumer device manufacturing and competing with established platforms, arguing that Elon Musk's companies often receive generous valuations based on ambitious product promises rather than proven consumer products, reported Forbes. "...it's hard to imagine SpaceX becoming a force in consumer electronics," wrote the firm.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 5:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 3:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 5:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 3:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 3:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 5:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 6:37 PM.
Trump floats intriguing Elon Musk, SpaceX plan
On July 2, Trump sat down with CNBC for an interview in the Oval Office. He talked about tariffs, the Federal Reserve, and his business dealings. Then he was asked about Elon Musk. His answer says more about the current state of their relationship than almost anything that has come out of Washington recently. Trump told CNBC he expects Musk to donate SpaceX stock to Trump Accounts, the federal savings program for American children that officially launched on July 4. Musk has not publicly confirmed or commented on the claim. But the government had already been in talks with SpaceX about the idea before Trump said a word about it publicly. What Trump said about Musk in the CNBC interview When asked whether Musk might donate SpaceX shares to the program, Trump replied in the original interview: "Well, I think that he will do that." He was careful with that phrasing. He thinks. He did not announce a deal or confirm a commitment. Trump also told the interviewer he had not spoken with Musk directly since SpaceX completed its IPO last month. "I wrote him a note," Trump said. "I said, 'Congratulations, very good.' I have a very good relationship with Elon." A note, not a call. Good, not great. The language was measured. SpaceX's IPO was the largest in history at approximately $86 billion, briefly making Musk the world's first trillionaire before share prices pulled back. Separately, Semafor reported on June 29, before Trump's interview, that the administration had actually spoken directly with SpaceX about donating stock to Trump Accounts. Whether Musk has agreed, or how a contribution might be structured, remains unresolved. Why the Trump-Musk relationship makes this complicated Musk spent roughly $300 million to help elect Trump in 2024 and then served as a special government employee running DOGE, the administration's aggressive government-cutting effort, CNBC reported. Their public falling out came over Trump's sweeping tax-and-spending legislation last year. Musk called the bill "utterly insane" in a post on X. Trump responded publicly that Musk had "just went CRAZY." The dispute was loud and fast. The reconciliation followed a similar trajectory. By the fall, they were seen shaking hands at a public event. By November, Musk was attending a White House dinner. Trump has repeatedly described their relationship as intact. On July 2, he cited other executives who had contributed to Trump Accounts as he discussed Musk's potential involvement. "Micron, which is a great company, just did it. Michael Dell is a fantastic guy," Trump said, referencing other donors to the program. On Dell's contribution specifically, Trump made clear he understood the scale. "That's a tremendous amount, I don't care how rich you are," Trump said, referring to Dell's $6.25 billion pledge to seed 25 million accounts. What Trump Accounts are and why SpaceX stock would be different Trump Accounts were created under last year's Republican tax-and-spending law. The federal government seeds each account with $1,000 for eligible children born in the U.S. between January 1, 2025 and December 31, 2028. The money goes into low-fee U.S. equity index funds and converts to a retirement-style account when the child turns 18. Treasury partnered with Bank of New York Mellon and Robinhood to run the program's infrastructure, NBC News reported. Goldman Sachs, Morgan Stanley, BlackRock, Intel, JPMorgan Chase, Uber, Comcast, and Wells Fargo are among the companies that have committed to matching or contributing for employees' children. Michael Dell pledged $6.25 billion. Micron committed contributions in several states. All of those are cash contributions or stock from publicly traded companies with established markets. SpaceX stock is different. The company's IPO was completed last month, but shares remain volatile and access is still far more limited than conventional large-cap equities. Any formal donation of SpaceX stock to Trump Accounts would require clarity on valuation, lock-up periods, and how shares get distributed across millions of potential beneficiaries. None of that structure currently exists. How much traction Trump Accounts have actually gotten so far Adoption has been gradual. More than 6 million accounts had been opened ahead of the program's launch, but only 1.4 million of those are eligible for the $1,000 government seed, out of roughly 75 million children under 18 in the United States, NBC News reported. The administration has been relying on high-profile commitments to maintain momentum. A SpaceX stock donation would generate significant attention for the program, regardless of what it means practically for most families. SpaceX is one of the most closely watched companies in the world, and Musk remains one of the most recognizable figures in American business. Trump's statement puts Musk in a position where silence starts to carry its own meaning. Whether Musk follows through, and in what form, is the question Trump's July 2 comment left open. The administration has spoken with SpaceX. Trump expects a donation. Musk has said nothing. That is where things stood heading into the program's launch. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 4, 2026 at 4:37 PM.