SpaceX's Shotwell says 2 million shares to be gifted to children's Trump Accounts

Oct 30 (Reuters) - SpaceX President Gwynne Shotwell said in an X post on Friday ‌that more than 2 million of ‌the company's shares will be distributed to eligible children through "Trump ​Accounts" in December.

• The initial gift of shares, currently being transferred to escrow, will go to children aged 11 ‌to 17 living ⁠in ZIP codes with a median family income of $57,000 or less, Shotwell ⁠said

• Children living in ZIP codes with too few residents for median family income data ​to be ​reported will also be ​eligible

• Eligible families ‌should receive a notice by Monday, she said

• A separate gift is expected to be finalized in coming weeks for eligible children in military families serving overseas, children in foster care, ‌and children whose family ​income is $90,000 or less, living ​in eligible Texas ​counties

• CEO Elon Musk said earlier ‌this month that SpaceX ​and Tesla ​had formed special committees to explore a potential merger, though he said the panels ​had not agreed ‌upon transaction terms and might never ​do so

(Reporting by Prathik Jayaprakash in Bengaluru; ​Editing by Pooja Desai)