Tag

Gwynne Shotwell

All articles tagged with #gwynne shotwell

politics3 hours ago•7 min saved

White House: Americans Pledge $125M to Trump Accounts in Five Days

The White House says Americans have invested about $125 million in Trump Accounts in the first five days since their July 4 launch. Trump Accounts are investment accounts for children born 2025–2028, with the U.S. Treasury pledging to deposit $1,000 per child. Donors include SpaceX president Gwynne Shotwell (and her husband), Dell CEO Michael Dell and his wife, Ray Dalio and his wife, Altimeter Capital’s Brad Gerstner, and Nicki Minaj; companies like Goldman Sachs, Micron, and Bank of America have also announced contributions. The push has attracted attention as a major early showing of private funding for the program.

via Business Insider|

#child-investment-accounts #dell-family #gwynne-shotwell

business1 day ago•18 min saved

SpaceX stock gift to 2 million kids could turn into a future fortune

Gwynne Shotwell announced she and her husband would donate one share of SpaceX stock to each of more than two million children via Trump Accounts, focusing on 11-to‑17‑year‑olds in lower-income areas. At about $150 a share at the time, the donation was worth roughly $296 million, though the future value depends on SpaceX’s performance and market sentiment. President Trump praised the move. While a single share per child isn’t life‑changing by itself, it gives millions of youngsters an early stake in SpaceX, with potential upside if the stock appreciates over time.

via Yahoo Finance|

#business #gwynne-shotwell #spacex

politics2 days ago•7 min saved

Trump Applauds SpaceX Stock Gift to Trump Accounts Benefiting Millions of Children

President Trump publicly thanked SpaceX president Gwynne Shotwell and her husband for donating SpaceX stock to Trump Accounts, a tax-advantaged program seeded with Treasury funds to help more than 2 million American children in lower-income areas; the gift was valued at roughly $296–325 million depending on SpaceX’s share price, with Shotwell noting it would fund stock gifts for each eligible child and making her one of the program’s largest individual donors; Elon Musk’s donation status was not confirmed.

via Business Insider|

#gwynne-shotwell #politics #spacex

business4 days ago•2 min saved

SpaceX President Donates $320 Million in Stock to Trump Accounts for Kids

SpaceX president Gwynne Shotwell will donate about $320 million worth of SpaceX Class A stock to Trump Accounts serving more than 2 million children, largely in Texas; the gift equals roughly one-fifth of her SpaceX stake, and how the transfers will work is still unclear; Trump Accounts invest in index-tracking ETFs and SpaceX is set to join the Nasdaq-100 this week, with millions already enrolled.

via Semafor|

#business #gwynne-shotwell #philanthropy

business4 days ago•3 min saved

SpaceX Stock Gift Targets 2 Million Kids via Trump Accounts

SpaceX president Gwynne Shotwell said she and her husband will donate a SpaceX share for each of more than two million American children aged 11–17 in lower‑income areas through the Trump Accounts, a move valued at roughly $320 million at about $160 per share and tied to the Invest America program to seed accounts that convert to retirement accounts at age 18.

via Business Insider|

#business #gwynne-shotwell #invest-america

business5 days ago•1 min saved

SpaceX President Donates Stock to Trump Accounts for Kids

Gwynne Shotwell said she will donate SpaceX stock from herself and her husband to the Trump Accounts program, supporting about 2 million accounts and prioritizing children near central Texas; the gift follows Trump’s suggestion that Elon Musk might donate SpaceX stock to the program.

via CNBC|

#business #gwynne-shotwell #philanthropy

business22 days ago•3 min saved

SpaceX's Billion-Dollar Shareholder Club Exposed

SpaceX’s IPO propelled Elon Musk’s stake to over $1 trillion, but several other investors also hold billion-dollar positions, including Valor Equity Partners (about $96.6B, Antonio Gracias on SpaceX’s board), Luke Nosek (~$6.3B), Gwynne Shotwell (~$2.4B), and CFO Bret Johnsen (~$1.2B). CNBC’s analysis shows the IPO minted many new millionaires and that SpaceX briefly topped Amazon and Microsoft in market value before settling around a $2.4 trillion cap; shares were up about 37% since debut, with some gains eroding in subsequent days.

via CNBC|

#business #elon-musk #gwynne-shotwell

business29 days ago•4 min saved

SpaceX President Signals Possible Tesla Merger Amid Growth Push

SpaceX president Gwynne Shotwell told CNBC there are synergies with Tesla and did not rule out a future merger, though SpaceX remains focused on expansion. Analysts have floated a Tesla–SpaceX merger as a potential “holy grail” to seize AI opportunities, while the companies already collaborate on initiatives like the Terafab chip program and Grok AI integration, all against the backdrop of SpaceX’s historic IPO and high valuations for both firms.

via Business Insider|

#business #elon-musk #gwynne-shotwell

business1 year ago•4 min saved

Gwynne Shotwell: The Force Behind SpaceX's Lunar Ambitions

Gwynne Shotwell, president and COO of SpaceX, has been instrumental in the company's success, managing operations and government relations while working alongside Elon Musk. Under her leadership, SpaceX has become the world's largest private startup, valued at $350 billion, and is crucial to U.S. space efforts. Shotwell's diplomatic skills and ability to execute Musk's vision have been key to SpaceX's achievements, including its potential future IPO and its role in space exploration and satellite internet. Despite her significant contributions, Shotwell remains out of the spotlight, focusing on her work and maintaining a strong partnership with Musk.

via Financial Times|

#business #elon-musk #gwynne-shotwell

space-exploration2 years ago•1 min saved

"SpaceX's Starship Successfully Deploys Satellites in Record-Breaking Mission"

SpaceX's President Gwynne Shotwell discussed the company's plans for the year ahead, indicating that the priority is to meet satellite launch demands before focusing on Mars missions. The Starship spacecraft, designed for satellite deployment, is a key part of this strategy, reflecting a shift in focus from Mars ambitions to meeting commercial satellite needs.

via Bloomberg|

#gwynne-shotwell #satellites #space-exploration

space-technology2 years ago•3 min saved

"SpaceX's Next Starship Flight Set for Rapid Turnaround"

SpaceX is aiming for an early May launch for its next Starship vehicle, pending an amended launch license. The company is reviewing data from the recent flight and plans to focus on reentry and landing capabilities. The mishap investigation report is expected to be completed quickly, with the FAA aiming to streamline the launch licensing process. SpaceX is planning six to nine more Starship launches this year and aims to achieve rapid turnaround for both stages.

via SpaceNews|

#faa #gwynne-shotwell #launch