Oct 30 (Reuters) – SpaceX President Gwynne Shotwell said in an X post on Friday that more than 2 million of the company’s shares will be distributed to eligible children through “Trump Accounts” in December.
Here are some more details:
• The initial gift of shares, currently being transferred to escrow, will go to children aged 11 to 17 living in ZIP codes with a median family income of $57,000 or less, Shotwell said
• Children living in ZIP codes with too few residents for median family income data to be reported will also be eligible
• Eligible families should receive a notice by Monday, she said
• A separate gift is expected to be finalized in coming weeks for eligible children in military families serving overseas, children in foster care, and children whose family income is $90,000 or less, living in eligible Texas counties
• CEO Elon Musk said earlier this month that SpaceX and Tesla had formed special committees to explore a potential merger, though he said the panels had not agreed upon transaction terms and might never do so
(Reporting by Prathik Jayaprakash in Bengaluru; Editing by Pooja Desai)
Brought to you by www.srnnews.com