SpaceX may donate money to Trump’s children’s savings accounts, report says

According to Musk, “any government incentive his companies received was ‘less than 2 percent’ of the cost of Tesla and SpaceX,” Yahoo Finance reported.

The Trump administration may also face obstacles beyond corporate reluctance to step in to help the public. No one is sure why the crisis would arise because “the US is trying to better manage its limited resources,” NOTUS said, and such actions could increase “incentives for government spending.”

There may be no legal means yet “for any AI company to fund the government,” NOTUS said.

Nat Purser, AI policy advocate at Public Knowledge, told NOTUS that people should be careful about policies that make “the government less willing to put in, or put in place, security regulations because doing so would reduce the value of its investment.”

“The problem is that the government will be a shareholder and a regulator at the same time, which leads to serious conflicts,” Purser said.

Meanwhile, some parents have reported problems using the Trump Account app. Several reviews in the Apple App Store complained that there was “no customer support” to help after errors prevented sign-ups. One reviewer said that text message authentication was broken. Some reached out for technical help but were still frustrated and felt they needed to solve their problems. One reviewer complained that the program crashed after “a clerical error when my IRS form was filled out by the program, which I had to figure out without technical assistance, which was polite but incomplete.”

Although millions have registered their children, not everyone believes that the Trump Accounts “will be accessible to every family, ensuring that even the smallest shareholders can manage their development strategy,” as the US Treasury promised.

On Reddit, the reaction to hearing about the Trump Accounts donation was not good, with hundreds of negative comments in Images of SpaceX. One commentator said that Trump’s accounts “overwhelmingly” benefit “very wealthy families,” by providing “free money” to children whose parents already have the means to invest in IRAs.

“Most people don’t even have enough money to save for their future, not even for their children,” said the Redditor.