{"id":64079,"date":"2026-07-01T15:08:13","date_gmt":"2026-07-01T19:08:13","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/"},"modified":"2026-07-01T15:08:13","modified_gmt":"2026-07-01T19:08:13","slug":"micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/","title":{"rendered":"Micron Commits $250 Million to New &#8220;Trump Accounts&#8221; as SpaceX AI Device Rumors Swirl"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Micron_Leads_Corporate_Investment_in_%22Trump_Accounts%22\" >Micron Leads Corporate Investment in &quot;Trump Accounts&quot;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Musk_Rebuts_SpaceX_AI_Hardware_Reports\" >Musk Rebuts SpaceX AI Hardware Reports<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Mexico_Challenges_US_Trade_Policies\" >Mexico Challenges U.S. Trade Policies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Federal_Reserve_Highlights_Shift_in_Payment_Trends\" >Federal Reserve Highlights Shift in Payment Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/micron-commits-250-million-to-new-trump-accounts-as-spacex-ai-device-rumors-swirl\/64079\/#Defense_Giant_KNDS_Defers_IPO\" >Defense Giant KNDS Defers IPO<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> has pledged <strong>$250 million<\/strong> to the newly established <strong>&quot;Trump Accounts,&quot;<\/strong> a tax-advantaged savings initiative for children launching <strong>July 4, 2026<\/strong>.<\/li>\n<li><strong>Elon Musk<\/strong> categorically denied a report claiming <strong>SpaceX<\/strong> showcased a prototype <strong>AI-focused handset<\/strong> to investors ahead of a potential IPO.<\/li>\n<li><strong>Mexico&#39;s Economy Minister<\/strong> expressed formal disagreement with U.S. <strong>Section 232 tariffs<\/strong> of <strong>50%<\/strong> on steel and aluminum, calling for regional coordination to address trade friction.<\/li>\n<li>The <strong>Federal Reserve<\/strong> released its <strong>2025 Triennial Payments Study<\/strong>, revealing that noncash payments more than tripled since 2000, reaching <strong>236.6 billion<\/strong> transactions in 2024.<\/li>\n<li>European defense giant <strong>KNDS<\/strong> has paused its <strong>IPO process<\/strong>, citing market volatility, despite completing preparation phases and engaging extensively with investors.<\/li>\n<\/ul>\n<hr>\n<h2><span class=\"ez-toc-section\" id=\"Micron_Leads_Corporate_Investment_in_%22Trump_Accounts%22\"><\/span>Micron Leads Corporate Investment in &quot;Trump Accounts&quot;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Micron Technology (<a href=\"\/stock\/MU\">MU<\/a>)<\/strong> announced a landmark <strong>$250 million<\/strong> commitment to the Trump administration\u2019s new <strong>530A &quot;Trump Accounts&quot;<\/strong> initiative. The program, set to launch on <strong>July 4<\/strong>, provides tax-advantaged investment vehicles for children, with the federal government providing a <strong>$1,000 seed deposit<\/strong> for eligible newborns.<\/p>\n<p>The semiconductor leader\u2019s investment includes an <strong>employee matching program<\/strong> of up to <strong>$1,000 per child<\/strong> and direct <strong>$250 seed deposits<\/strong> for children in communities where the company operates, including <strong>Idaho, New York, and Texas<\/strong>. CEO <strong>Sanjay Mehrotra<\/strong> stated the initiative aims to support up to <strong>1 million children<\/strong>, reinforcing the company\u2019s broader <strong>$200 billion<\/strong> U.S. manufacturing strategy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Musk_Rebuts_SpaceX_AI_Hardware_Reports\"><\/span>Musk Rebuts SpaceX AI Hardware Reports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Elon Musk<\/strong> took to social media to deny a <em>Wall Street Journal<\/em> report alleging that <strong>SpaceX<\/strong> had developed and showcased a prototype <strong>AI-focused hardware device<\/strong>. The report suggested the device was &quot;slimmer than an iPhone,&quot; utilized <strong>Qualcomm (<a href=\"\/stock\/QCOM\">QCOM<\/a>)<\/strong> Snapdragon chips, and integrated technology from <strong>xAI<\/strong>.<\/p>\n<p>Musk labeled the claims <strong>&quot;utterly false,&quot;<\/strong> dismissing rumors that the hardware was part of a pitch to investors ahead of a highly anticipated <strong>SpaceX IPO<\/strong>. While Musk has previously hinted that a &quot;Starlink phone&quot; was not out of the question, he maintained that no such prototype currently exists for stakeholder review.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mexico_Challenges_US_Trade_Policies\"><\/span>Mexico Challenges U.S. Trade Policies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Trade tensions between the U.S. and <strong>Mexico<\/strong> intensified as Mexico\u2019s Economy Minister voiced opposition to current <strong>Section 232 tariffs<\/strong> on steel and aluminum. Mexico is pushing for a reduction of the <strong>50% tariff rate<\/strong> through regional coordination, arguing that the current rules of origin for the <strong>automotive sector<\/strong> are among the most complex globally.<\/p>\n<p>The disagreement comes as both nations navigate the <strong>USMCA Joint Review<\/strong> process. Mexico emphasized that the exclusion of regional auto parts from tariff calculations and strict <strong>agricultural seasonality rules<\/strong> remain significant &quot;systemic differences&quot; that must be resolved to ensure North American supply chain stability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Federal_Reserve_Highlights_Shift_in_Payment_Trends\"><\/span>Federal Reserve Highlights Shift in Payment Trends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Federal Reserve<\/strong> issued initial findings from its <strong>2025 Triennial Payments Study<\/strong>, showing a massive surge in noncash transactions. Total noncash payments reached <strong>236.6 billion<\/strong> in 2024, with <strong>debit and credit cards<\/strong> accounting for over <strong>75%<\/strong> of all transactions by volume.<\/p>\n<p>For the first time in nearly a decade, <strong>credit card payments<\/strong> grew at a faster rate than debit cards. Meanwhile, the <strong>ACH system<\/strong> remains the dominant force by value, representing nearly <strong>three-quarters<\/strong> of the total noncash payment value in the U.S. economy.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Defense_Giant_KNDS_Defers_IPO\"><\/span>Defense Giant KNDS Defers IPO<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pan-European defense contractor <strong>KNDS<\/strong> has decided to resume its <strong>Initial Public Offering (IPO)<\/strong> process only when capital market conditions become more &quot;favourable.&quot; The company, known for producing the <strong>Leopard 2 tank<\/strong>, cited current volatility in the European defense sector as the primary reason for the delay.<\/p>\n<p>Despite the pause, <strong>KNDS<\/strong> confirmed it has completed substantially all preparation phases and maintains a record order backlog of <strong>\u20ac23.5 billion<\/strong>. Shareholders remain aligned on the long-term goal of a public listing once market stability returns to support the company&#39;s multibillion-euro valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Micron Technology (MU) has pledged $250 million to the newly established &quot;Trump Accounts,&quot; a tax-advantaged savings initiative for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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