46 mins. ago
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Space Exploration Technologies Corp. President Gwynne Shotwell said she and her husband are "thrilled that our gift of over 2 million shares of ***** eX stock will be distributed to children's Trump accounts in December."
Shotwell announced the gift in an X post on Friday. She said the initial gift's shares are transferring to escrow, and that families should receive a notice by Monday.
Robert and I are thrilled that our gift of over 2 million shares of ***** eX stock will be distributed to children's Trump accounts in December!
Our initial gift (shares transferring to escrow as we speak) will go to 11 to 17-year-olds who live in zip codes with median family…
— Gwynne Shotwell (Gwynne_Shotwell) October 30, 2026
#gwynne #Trump
Space Exploration Technologies Corp. President Gwynne Shotwell said she and her husband are "thrilled that our gift of over 2 million shares of ***** eX stock will be distributed to children's Trump accounts in December."
Shotwell announced the gift in an X post on Friday. She said the initial gift's shares are transferring to escrow, and that families should receive a notice by Monday.
Robert and I are thrilled that our gift of over 2 million shares of ***** eX stock will be distributed to children's Trump accounts in December!
Our initial gift (shares transferring to escrow as we speak) will go to 11 to 17-year-olds who live in zip codes with median family…
— Gwynne Shotwell (Gwynne_Shotwell) October 30, 2026
#gwynne #Trump
29 days ago
Michael Dell, philanthropist and founder of Dell Technologies, pushed back against critics who argue that allowing wealthy investors to donate individual company stocks to Trump Accounts could have a nefarious impact.
Under new rules that took effect last week, charities can put individual stocks into kids' accounts as a donation. Trump Accounts are tax-advantaged investment vehicles that can be used for education expenses, starting a business, or saving for retirement. They were authorized in last year's One Big Beautiful Tax bill. Previously, the money was required to be invested in low-cost index funds.
Read more: Trump Accounts expand to stock donations. What are the benefits and risks?
So far, ***** eX President Gwynne Shotwell is the only donor to announce a major stock contribution, pledging more than 2 million shares to benefit lower-income children ages 11 to 17 living in lower-income areas.
"It's kind of hard for me to believe that's a bad thing, right?" Dell said Wednesday in an interview with Yahoo Finance. "That these children are going to somehow be negatively influenced because they now have one share of ***** eX, but they didn't have before, right? The alternative is they didn't have it, right?"
#last #lower
Under new rules that took effect last week, charities can put individual stocks into kids' accounts as a donation. Trump Accounts are tax-advantaged investment vehicles that can be used for education expenses, starting a business, or saving for retirement. They were authorized in last year's One Big Beautiful Tax bill. Previously, the money was required to be invested in low-cost index funds.
Read more: Trump Accounts expand to stock donations. What are the benefits and risks?
So far, ***** eX President Gwynne Shotwell is the only donor to announce a major stock contribution, pledging more than 2 million shares to benefit lower-income children ages 11 to 17 living in lower-income areas.
"It's kind of hard for me to believe that's a bad thing, right?" Dell said Wednesday in an interview with Yahoo Finance. "That these children are going to somehow be negatively influenced because they now have one share of ***** eX, but they didn't have before, right? The alternative is they didn't have it, right?"
#last #lower
29 days ago
Michael Dell, philanthropist and founder of Dell Technologies, pushed back against critics who argue that allowing wealthy investors to donate individual company stocks to Trump Accounts could have a nefarious impact.
Under new rules that took effect last week, charities can put individual stocks into kids' accounts as a donation. Trump Accounts are tax-advantaged investment vehicles that can be used for education expenses, starting a business, or saving for retirement. They were authorized in last year's One Big Beautiful Tax bill. Previously, the money was required to be invested in low-cost index funds.
Read more: Trump Accounts expand to stock donations. What are the benefits and risks?
So far, **** eX President Gwynne Shotwell is the only donor to announce a major stock contribution, pledging more than 2 million shares to benefit lower-income children ages 11 to 17 living in lower-income areas.
"It's kind of hard for me to believe that's a bad thing, right?" Dell said Wednesday in an interview with Yahoo Finance. "That these children are going to somehow be negatively influenced because they now have one share of **** eX, but they didn't have before, right? The alternative is they didn't have it, right?"
#accounts
Under new rules that took effect last week, charities can put individual stocks into kids' accounts as a donation. Trump Accounts are tax-advantaged investment vehicles that can be used for education expenses, starting a business, or saving for retirement. They were authorized in last year's One Big Beautiful Tax bill. Previously, the money was required to be invested in low-cost index funds.
Read more: Trump Accounts expand to stock donations. What are the benefits and risks?
So far, **** eX President Gwynne Shotwell is the only donor to announce a major stock contribution, pledging more than 2 million shares to benefit lower-income children ages 11 to 17 living in lower-income areas.
"It's kind of hard for me to believe that's a bad thing, right?" Dell said Wednesday in an interview with Yahoo Finance. "That these children are going to somehow be negatively influenced because they now have one share of **** eX, but they didn't have before, right? The alternative is they didn't have it, right?"
#accounts
2 months ago
Bloomberg reported that Elon Musk said ****** e Exploration Technologies Corp. (NASDAQ:SPCX) first AI satellites, powered exclusively by NVIDIA Corporation (NASDAQ:NVDA) chips, will launch in the fourth quarter of 2027 and reach "significant scale" in 2028, citing a post on X. Musk wrote "SpaceX, in partnership with Nvidia, has designed a ****** e-optimized Vera Rubin NVL72 system for launch to orbit in Q4 next year," describing the satellite data center as "significantly simpler, lower cost, denser, and lighter than a traditional rack."
The timeline has moved up twice since ****** eX's May IPO prospectus, which targeted "as early as 2028," and Musk's August 4 earnings call comments, which said launches would begin "next year." ****** eX COO Gwynne Shotwell told CNBC ahead of the IPO that the firm has already struck deals with Anthropic and Google to rent out orbital compute capacity.
The timeline is moving earlier, not later, which is unusual for a ****** e infrastructure project. ****** e Exploration Technologies Corp. (NASDAQ:SPCX) pulled its target forward from as early as 2028 in its IPO prospectus to a specific Q4 2027 date within a few months. The acceleration shows ****** eX believes development is progressing faster than previously expected and could bring orbital computing revenue online sooner than investors initially anticipated.
Real customers have already committed before ****** eX launches a single satellite. ****** eX President Gwynne Shotwell told CNBC that the company has struck deals with Anthropic and Google to rent orbital compute capacity. It shows that major AI companies already see potential value in the technology. Those early commitments could reduce demand risk if ****** eX delivers the planned capacity.
Wall Street sees a large long-term opportunity if the technology works as described. JPMorgan ****** yst Doug Anmuth projected ****** eX could pursue roughly 75 gigawatts of orbital compute by the end of 2031 at a significantly cheaper cost than could be done on Earth a scale that would make this a meaningful new revenue stream beyond ****** eX's existing launch and Starlink businesses.
#SpaceX #NASDAQ #already #compute
The timeline has moved up twice since ****** eX's May IPO prospectus, which targeted "as early as 2028," and Musk's August 4 earnings call comments, which said launches would begin "next year." ****** eX COO Gwynne Shotwell told CNBC ahead of the IPO that the firm has already struck deals with Anthropic and Google to rent out orbital compute capacity.
The timeline is moving earlier, not later, which is unusual for a ****** e infrastructure project. ****** e Exploration Technologies Corp. (NASDAQ:SPCX) pulled its target forward from as early as 2028 in its IPO prospectus to a specific Q4 2027 date within a few months. The acceleration shows ****** eX believes development is progressing faster than previously expected and could bring orbital computing revenue online sooner than investors initially anticipated.
Real customers have already committed before ****** eX launches a single satellite. ****** eX President Gwynne Shotwell told CNBC that the company has struck deals with Anthropic and Google to rent orbital compute capacity. It shows that major AI companies already see potential value in the technology. Those early commitments could reduce demand risk if ****** eX delivers the planned capacity.
Wall Street sees a large long-term opportunity if the technology works as described. JPMorgan ****** yst Doug Anmuth projected ****** eX could pursue roughly 75 gigawatts of orbital compute by the end of 2031 at a significantly cheaper cost than could be done on Earth a scale that would make this a meaningful new revenue stream beyond ****** eX's existing launch and Starlink businesses.
#SpaceX #NASDAQ #already #compute
2 months ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Former White House AI and crypto czar David Sacks urged artificial intelligence companies to contribute to Trump Accounts, arguing that giving children a financial stake in AI could strengthen public support for the technology.
On Tuesday, in a post on X, Sacks said Trump Accounts could make children "a direct owner in the American economy" and called on AI companies to follow the example set by ******* e Exploration Technologies Corp. President Gwynne Shotwell.
"I hope every AI company will follow the lead of Gwynne_Shotwell SpaceXAI and give American kids a vested interest in their success," Sacks wrote.
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Former White House AI and crypto czar David Sacks urged artificial intelligence companies to contribute to Trump Accounts, arguing that giving children a financial stake in AI could strengthen public support for the technology.
On Tuesday, in a post on X, Sacks said Trump Accounts could make children "a direct owner in the American economy" and called on AI companies to follow the example set by ******* e Exploration Technologies Corp. President Gwynne Shotwell.
"I hope every AI company will follow the lead of Gwynne_Shotwell SpaceXAI and give American kids a vested interest in their success," Sacks wrote.
Don't Miss:
#follow
3 months ago
By Harshita Mary Varghese and Akash Sriram
Aug 4 (Reuters) - ***** eX's ambition to build a full-fledged mobile service rattled investors in the U.S. wireless sector, as the company outlined plans that could eventually pit Starlink against industry leaders Verizon, AT&T and T-Mobile.
SpaceX acquired 65 megahertz of wireless spectrum licenses from EchoStar for a total of $19.6 billion through two deals announced last year, giving Starlink airwaves to expand into mobile services.
"The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out terrestrial," ***** eX President Gwynne Shotwell said during a post-earnings call on Tuesday.
Shotwell said the company will build the infrastructure needed to make Starlink "a true mobile service" and expects to win "quite a few" customers from the Big Three wireless carriers.
#echostar #company
Aug 4 (Reuters) - ***** eX's ambition to build a full-fledged mobile service rattled investors in the U.S. wireless sector, as the company outlined plans that could eventually pit Starlink against industry leaders Verizon, AT&T and T-Mobile.
SpaceX acquired 65 megahertz of wireless spectrum licenses from EchoStar for a total of $19.6 billion through two deals announced last year, giving Starlink airwaves to expand into mobile services.
"The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out terrestrial," ***** eX President Gwynne Shotwell said during a post-earnings call on Tuesday.
Shotwell said the company will build the infrastructure needed to make Starlink "a true mobile service" and expects to win "quite a few" customers from the Big Three wireless carriers.
#echostar #company
4 months ago
Elon Musk's second-in-command has donated one share of ***** eX to more than 2 million children — a gift President Donald Trump said is worth $325 million.
SpaceX President Gwynne Shotwell did not disclose the monetary value of the donation on Monday when she announced it on X (1); instead saying she and her husband would "gift a share of our ***** eX stock to a Trump Account for each of more than two million children across our great nation."
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SpaceX President Gwynne Shotwell did not disclose the monetary value of the donation on Monday when she announced it on X (1); instead saying she and her husband would "gift a share of our ***** eX stock to a Trump Account for each of more than two million children across our great nation."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
4 months ago
T-Mobile US, Inc. (NASDAQ:TMUS) has declined roughly 10% over the past 30 days, mainly due to competitive pressure from ***** eX's Starlink push in mobile services. However, ***** ysts project roughly 42% upside from the current level, driven by the company's aggressive 5G monetization. T-Mobile US, Inc. (NASDAQ:TMUS) ranks as one of the Top Large Cap Stocks to Invest In At 52-Week Lows.
Recently, on June 26, Reuters reported that ***** eX has told investors it is planning to launch a direct retail mobile service for US consumers under the Starlink brand. This will place the company in direct competition with T-Mobile, Verizon, and AT&T.
The report noted that ***** eX President Gwynne Shotwell, during the IPO roadshow, reportedly disclosed that the company is considering building its own terrestrial US mobile network. This goes well beyond the company's current partnership with T-Mobile, which only provides supplemental satellite coverage in remote areas. Moreover, the move is supported by significant spectrum acquisitions. The company purchased wireless spectrum licenses from EchoStar in two deals totaling around $17 billion, giving it the airwaves needed to offer a robust and affordable direct-to-cell service.
Recently, TD Cowen ***** yst Gregory Williams floated the idea that ***** eX could eventually look to acquire T-Mobile as part of its ambition to build a full-scale wireless and broadband platform. He noted that Starlink is no longer just a satellite internet service and aims to become a comprehensive connectivity network spanning broadband, mobile, and a hybrid of satellite and ground-based wireless infrastructure. To achieve that, ***** eX would likely need a wholesale network agreement with a major US carrier such as T-Mobile.
T-Mobile US Inc. (NASDAQ:TMUS) is a telecom services company that offers wireless communications services, such as voice, messaging, and data, to postpaid, prepaid, and wholesale customers. The company also deals in wireless devices.
Recently, on June 26, Reuters reported that ***** eX has told investors it is planning to launch a direct retail mobile service for US consumers under the Starlink brand. This will place the company in direct competition with T-Mobile, Verizon, and AT&T.
The report noted that ***** eX President Gwynne Shotwell, during the IPO roadshow, reportedly disclosed that the company is considering building its own terrestrial US mobile network. This goes well beyond the company's current partnership with T-Mobile, which only provides supplemental satellite coverage in remote areas. Moreover, the move is supported by significant spectrum acquisitions. The company purchased wireless spectrum licenses from EchoStar in two deals totaling around $17 billion, giving it the airwaves needed to offer a robust and affordable direct-to-cell service.
Recently, TD Cowen ***** yst Gregory Williams floated the idea that ***** eX could eventually look to acquire T-Mobile as part of its ambition to build a full-scale wireless and broadband platform. He noted that Starlink is no longer just a satellite internet service and aims to become a comprehensive connectivity network spanning broadband, mobile, and a hybrid of satellite and ground-based wireless infrastructure. To achieve that, ***** eX would likely need a wholesale network agreement with a major US carrier such as T-Mobile.
T-Mobile US Inc. (NASDAQ:TMUS) is a telecom services company that offers wireless communications services, such as voice, messaging, and data, to postpaid, prepaid, and wholesale customers. The company also deals in wireless devices.
