The Trump administration has held discussions with SpaceX regarding the donation of SpaceX shares to a children's savings program known as the "Trump Account," set to launch next week, Semafor reported on Monday, the 29th.

Citing a source, Semafor reported that this donation would further solidify the reconciliation between Elon Musk and President Donald Trump, following the breakdown of their relationship last year.

Musk was an early ally and benefactor of President Trump but resigned amid friction after serving for four months as a special government employee in charge of the Department of Government Efficiency (DOGE), a department tasked with controversial budget-cutting policies.

The "Trump Account" is scheduled to take effect next Monday, marking the 250th anniversary of the United States' Declaration of Independence.

Semafor added that it remains unclear whether Musk has agreed to donate SpaceX shares to the Trump Account or how the donation would be structured. Following the passage of related legislation by Republicans last summer, the Treasury Department has been working with Bank of New York Mellon and Robinhood to establish these accounts.

SpaceX was valued at $2.2 trillion following its initial public offering (IPO) earlier this month.

Coincidentally, the initial proposal to transfer equity into the Trump Account came from Sam Altman of OpenAI, one of Musk's competitors. As reported by NOTUS, Altman proposed last year that AI companies transfer equity to the Trump administration. However, a meeting between AI CEOs and Trump did not materialize, and cabinet members discussed the method for equity transfer instead.

According to Semafor, Treasury Secretary Scott Bessent favored the method of placing equity into the "Trump Account," while Commerce Secretary Howard Lutnick preferred the creation of a sovereign wealth fund.

Previously, billionaire Michael Dell and his wife donated $6.25 billion in cash to the Trump Account, and several companies, including BlackRock and Bank of America, agreed to provide matching contributions for employee donations. Over 6 million children have already enrolled in the program.

The Trump administration has touted these accounts as a key component of Trump's legacy, and Bessent actively promoted them throughout his campaign.

Kevin Hassett, Chairman of the Trump Council of Economic Advisers, announced on Monday, the 29th, that there will be a "grand opening ceremony" next week, where the Nasdaq and the New York Stock Exchange will jointly ring the opening bell from the Oval Office for the first time to commemorate the launch of the Trump Account.

US NNP = CEO & Reporter Sung Ku Hong / NNP Special Correspondent info@newsandpost.com