Shotwell pledges $320M of SpaceX stock to kids’ accounts



TL;DR

SpaceX president Gwynne Shotwell will donate one SpaceX share each to roughly 2 million children’s Trump Accounts, a pledge worth over $320m at current prices, with emphasis on lower-income Texas families. The gift lands weeks after SpaceX’s record IPO, as Trump publicly nudges Musk to follow suit.

SpaceX president Gwynne Shotwell will donate a share of SpaceX stock to roughly 2 million children through the Trump Accounts programme, CNBC reports. At around $162 a share, the pledge is worth over $320m.

The gift comes from Shotwell’s and her husband’s personal holdings, with extra emphasis on lower-income families near their central Texas home. It makes her the most prominent space industry executive yet to back the child investment scheme.

Trump Accounts launched on 4 July with a one-time $1,000 Treasury contribution for babies born between 2025 and 2028. The tax-deferred investment accounts are open to all American children under 18.

Corporate America has piled in, with Michael and Susan Dell pledging $6.25bn, Micron committing $250m, and employers from BlackRock to JPMorgan Chase matching the government’s $1,000 for staff. Donald Trump marked the launch by ringing a first-ever White House opening bell on Monday.

Trump told CNBC last week that he expected Elon Musk to donate SpaceX stock to the programme. Musk has not commented publicly.

Newly public generosity

The pledge lands weeks after SpaceX’s record $75bn IPO, where Shotwell rang the Nasdaq bell alongside Musk. The listing valued the company at $1.77tn and made Musk the world’s first trillionaire.

Shares priced at $135 and now trade around $162, so the donation hands each child a sliver of one of the world’s most valuable companies. Public shareholders hold little sway over it, since insiders retain dominant voting control.

SpaceX has told investors it could reach $1tn in annual revenue by 2030, a claim doing heavy lifting in its valuation. The IPO filing itself flagged sprawling conflicts of interest across Musk’s empire.

For 2 million children, a $162 share is a real windfall with an implicit bet attached. They will grow up as shareholders in Musk’s vision, whether or not their parents ever bought in.



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Bezos’s Prometheus raised $12B at a $41B valuation from JPMorgan, Goldman Sachs, and BlackRock. It builds AI for engineering physical products with 150 employees.

Prometheus, the AI startup co-led by Jeff Bezos, has raised $12 billion in a funding round that values the company at $41 billion. Investors include JPMorgan Chase, Goldman Sachs, BlackRock, DST Global, and Arch Venture Partners, alongside Bezos himself. Total funding now exceeds $18 billion.

The company is building what Bezos calls an “artificial general engineer,” AI tools designed to accelerate the process from design to manufacturing for physical products. Target industries include computing, aerospace, automotive, advanced manufacturing, and drug discovery. Prometheus currently has about 150 employees.

Bezos co-leads the company with Vik Bajaj, a Stanford medical school professor who previously co-founded Alphabet’s Verily health research lab. Bezos started as a founding investor in late 2024 but became so involved he took an operational role. “I became so impressed by what was happening and the potential that I decided I couldn’t sit on the sidelines and I needed to jump in with both feet,” he told CNBC.

This is Bezos’s first operational role in a technology company since stepping down as Amazon CEO in 2021. Prometheus launched in November 2025 with $6.2 billion in initial funding. The earlier reporting valued the round at $38 billion. The final close came in at $41 billion, a 7.9% markup from the figure reported in April.

The company’s pitch is “physical AI,” models trained on real-world experimental data, robotics interactions, and engineering workflows rather than just text and images. Where most AI companies focus on language or code, Prometheus is targeting the hard science of making things, from bridges to chips. The approach is designed to understand the laws of physics, not just patterns in data.

Prometheus has also sought to raise tens of billions more for a holding company that plans to acquire firms it sees as benefiting from the technologies the lab is developing. That would make it not just a startup but a conglomerate, one that develops the AI and then buys the companies that use it.

Bezos’s broader AI portfolio now spans robotics firms Physical Intelligence and Nvidia-backed Generalist AI, plus his continuing role as Amazon’s executive chair. With Prometheus, he is betting that AI’s biggest value is not in chatbots or code generation but in accelerating the engineering of physical objects, the domain where the physical AI race is attracting its largest cheques.



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