Space Exploration Technologies Corp. (SpaceX (SPCX)) is reportedly in talks with the Trump administration about a potential stock donation to the Trump Accounts, a savings initiative for children. According to a report from Semafor on Monday, the White House has approached SpaceX about contributing shares to the program, which is scheduled to launch next week.

It's not yet clear whether CEO Elon Musk will actually donate any SpaceX shares or how such a donation would be structured. The White House and SpaceX did not immediately respond to requests for comment.

The Trump Accounts are being rolled out by the Treasury Department in partnership with Bank of New York Mellon (BNY) and Robinhood Markets Inc. (HOOD), following the passage of the GOP's One Big Beautiful Bill Act. The program gives eligible children a $1,000 government-funded investment account that families, employers, and outside donors can contribute to over time. The accounts are tax-deferred, and a key feature is that they allow Roth IRA contributions without earned income — a requirement that has traditionally prevented most minors from opening such accounts.

Adam Bergman, founder of IRA Financial, calls the Trump Accounts a "legal backdoor" that could provide children with a new way to build tax-free retirement savings. The Trump Accounts app, available on Apple and Google app stores, has already seen over 4 million children sign up for the program.

Kevin Hassett, director of the National Economic Council, told CNBC on Monday that the accounts will be launched with a first-ever joint opening bell ceremony by President Donald Trump, with both the NYSE and Nasdaq participating from the Oval Office. "We're having a big opening bell ceremony next week. They're doing that to celebrate the accounts to make sure everybody knows it's time to get an account for your kid, even if it's not born this year," Hassett said.

Musk Sees No Need to Save

Major companies, including Dell Technologies (DELL), SoFi Technologies (SOFI), and JPMorgan Chase & Co. (JPM), have already announced matching contribution initiatives tied to the accounts. But Musk has a different take. While he called Dell's gesture commendable, he believes future technological progress will eliminate poverty, making saving money unnecessary through what he calls "universal high income."

It's an intriguing philosophical stance from the world's richest man, who may or may not put his money where his mouth is — or rather, put his company's stock into the accounts. Whether SpaceX follows through with a donation remains to be seen, but the talks alone signal that the Trump Accounts are drawing interest from some of the biggest names in business.