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July 3, 2026
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- Trump said Elon Musk may donate SpaceX stock to the Trump Accounts initiative
- Trump defended his family’s crypto earnings, saying there was “nothing wrong” with the profits
- The remarks come as Donald Trump’s crypto ventures continue to face scrutiny over ethics and investor losses
President Donald Trump made headlines for more than one reason during his latest CNBC interview. Alongside suggesting that Elon Musk could contribute SpaceX stock to a new government-backed investment initiative, Trump also brushed aside criticism over his family’s growing digital asset empire. The comments came after financial disclosures revealed more than $1.4 billion in Trump crypto earnings.
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Trump Says Elon Musk Could Donate SpaceX Stock to Trump Accounts
Trump said he believes Musk may contribute SpaceX shares to the newly launched Trump Accounts program. This is designed to give eligible American children a $1,000 investment account at birth. The initiative was created under the recently passed tax package. It has already attracted commitments from companies including Micron, while Dell founder Michael Dell pledged to contribute to millions of accounts. Asked whether Musk could join those efforts, Trump replied,
“Well, I think that he will do that.”
The president also indicated that his relationship with Musk has improved after their recent public disagreement over federal spending. Trump said the Tesla and SpaceX chief “still likes me.” He suggested the two had moved past their earlier dispute.
The proposal comes as SpaceX remains one of the world’s most valuable private companies. SpaceX’s stock currently sits at $162 following a daily increase of 2.83%.
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Trump Dismisses Questions Over Crypto Earnings
Along with Donald Trump’s SpaceX remarks, he also spoke about his crypto ventures after ethics questions resurfaced following his financial disclosure. Trump defended the family’s involvement, insisting there was “nothing illegal” and “nothing wrong” with the profits generated through cryptocurrency businesses.
The filing with the US Office of Government Ethics showed that Trump earned more than $500 million from World Liberty Financial. Meanwhile, crypto-related businesses, including the $TRUMP memecoin, contributed to more than $1.4 billion in reported income during 2025.
The disclosure has reignited criticism from ethics experts, particularly as Trump’s administration continues pursuing policies aimed at expanding the digital asset industry. At the same time, Trump argued that maintaining US leadership in crypto is strategically important. He compared the sector to artificial intelligence in the competition with China.
The discussion around Trump, SpaceX stock, and his crypto earnings centered on different industries. But both show how closely Trump’s business interests have become intertwined with the technologies his administration has increasingly embraced.
Also Read: Trump Earned More From Crypto Than Coinbase as Supreme Court Expands Regulatory Power
