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Personal FinanceGwynne Shotwell’s $300 million SpaceX pledge to Trump Accounts shows billionaires a tax-smart way to give away their own company’s stock

New Treasury rules let the ultrawealthy send shares of their own companies to millions of kids, as long as the gift goes through a charity.

By Sydney LakeOctober 9, 2026
Photo: Protesters in France confront police.
Newsletters
‘What happens in Paris doesn’t stay in Paris!’ Wall Street fears ‘France is veering toward a full-blown civil crisis’
By Jim EdwardsOctober 9, 2026
‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares
Law
‘You decided to evade them’: Former HSBC banker ‘clearly in a financial position to pay’ banned from finance for dodging $7,800 in fares
By Catherina GioinoOctober 9, 2026
Disney offered a 13-year-old $2 million to sing in The Lion King—his mom took $100k plus royalties instead. He’s still getting paid 32 years later
Success
Disney offered a 13-year-old $2 million to sing in The Lion King—his mom took $100k plus royalties instead. He’s still getting paid 32 years later
By Orianna Rosa RoyleOctober 9, 2026
Latest
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution28 minutes ago
Nobody has been in charge for decades of the single most important part of the AI revolution: documentation38 minutes ago
AI might ‘kill us all.’ That’s still a savvy sales pitch58 minutes ago
CLEAR founder: fast AI can be safe AI when we fix the identity layer58 minutes ago
The AI race may be decided by financing—not just better chips
Newsletters
The AI race may be decided by financing—not just better chips
By Diane BradyOctober 9, 2026
t
Commentary
Is AI the new China Shock?
By Jared FranzOctober 9, 2026
A researcher browses an internet site with a job offer for a United Nations agency that has been flagged as a scam in Nairobi on June 30, 2022. A report by Code for Africa revealed that in 2020 when job losses soared during the Covid-19 pandemic 33 scam recruitment Facebook accounts, groups and pages with more than 184,000 followers targeted people in Kenya, requiring them to send about 350 Kenyan shillings ($3) before placements that never materialised. Syndicates behind these scams rely on the desperation of job seekers who fail to double-check the authenticity of job postings and send money without hesitation to secure employment, said Kenyan cyber security expert Anthony Muiyuro.
Cybersecurity
‘The gap was not the awareness’: The company phishing trainings you loathe aren’t enough when nearly 1 in 4 security pros say their MFA is optional
By Tatiana SatauaOctober 9, 2026
Jan Larsson is CEO of Business Sweden, the Swedish Trade and Invest Council.
Commentary
Sweden’s startups will raise $5 billion in 2026. Our secret sauce is 150 years old
By Jan LarssonOctober 9, 2026
‘Everybody knows you’re out of touch’: Palantir CEO Alex Karp says his own exec told him to stop hyping Foundry
Big Tech
‘Everybody knows you’re out of touch’: Palantir CEO Alex Karp says his own exec told him to stop hyping Foundry
By Joshua HongOctober 8, 2026
Whole Foods CEO says grocery will turn Amazon from the ‘everything store’ into the ‘everyday store’
Newsletters
Whole Foods CEO says grocery will turn Amazon from the ‘everything store’ into the ‘everyday store’
By Diane BradyOctober 8, 2026
U.S. President Donald Trump speaks on stage at the Butler-Vandalia Student Activity Center during a campaign rally.
Personal Finance
Trump keeps changing who gets his $5,000 dividend, and only 21% of voters believe he’ll actually pay it
By Joshua HongOctober 8, 2026
Move over, DINKs. SPLITs are the new financial power couple: They have two incomes, no kids yet, and no joint bank account
Success
Move over, DINKs. SPLITs are the new financial power couple: They have two incomes, no kids yet, and no joint bank account
By Orianna Rosa RoyleOctober 8, 2026
Great Place to Work Rankings
Best Large Workplaces in Construction
Best Large Workplaces in Construction
By FortuneOctober 6, 2026
Best Large Workplaces in Manufacturing and Production
Best Large Workplaces in Manufacturing and Production
By FortuneOctober 6, 2026
Best Large Workplaces in Real Estate
Best Large Workplaces in Real Estate
By FortuneOctober 6, 2026
Best Large Workplaces in Financial Services and Insurance
Best Large Workplaces in Financial Services and Insurance
By FortuneOctober 6, 2026
Newsletters
Term SheetBy Jeff John Roberts
alt
Ultra raises $62 million for fast-growing ‘robots as a service’ business, announces tie-up with AI research firm Physical Intelligence
Fortune TechBy Andrew Nusca
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Why Amazon is launching more tablets
MarketsBy Jim Edwards
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‘What happens in Paris doesn’t stay in Paris!’ Wall Street fears ‘France is veering toward a full-blown civil crisis’
CEO DailyBy Diane Brady
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The AI race may be decided by financing—not just better chips
Eye on AIBy Beatrice Nolan
The Facebook whistleblower behind ‘The Social Reckoning’ says Zuckerberg is ‘playing with fire’ on AI
MPW DailyBy Emma Hinchliffe
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Land O’Lakes CEO Beth Ford on the challenges reshaping American agriculture
Fortune Daily Episodes
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The Big Mac Dilemma: Can McDonald's Fix Sales? | Fortune DailyOctober 7, 2026
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The Rise of AI Agents: Meta vs. OpenAI | Fortune DailyOctober 6, 2026
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The Future of Financial Advice ft. Penny Pennington | Fortune DailyOctober 5, 2026
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What Bankrupted Red Lobster | Fortune DailyOctober 4, 2026
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The Return of Uber’s Ousted Founder | Fortune DailySeptember 30, 2026
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The End of College? Inside a16z’s School for Tech Titans | Fortune DailySeptember 29, 2026
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The Careers AI Can’t Replace ft. Mike Rowe | Fortune DailySeptember 28, 2026
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When AI Becomes Management | Fortune DailySeptember 27, 2026
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Inside Chevron’s Massive Bet on AI & Energy | Fortune DailySeptember 23, 2026
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Effective Altruism Explained: Why the Pentagon Is Attacking AI 'Doomers' | Fortune DailySeptember 22, 2026
AI
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution
Commentary
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution
By Christopher KoopmanOctober 9, 2026
han wang
Commentary
Nobody has been in charge for decades of the single most important part of the AI revolution: documentation
By Han WangOctober 9, 2026
clear
Commentary
CLEAR founder: fast AI can be safe AI when we fix the identity layer
By Caryn Seidman BeckerOctober 9, 2026
da
Commentary
AI might ‘kill us all.’ That’s still a savvy sales pitch
By Michael SerazioOctober 9, 2026
Fortune 500: Titans and Disruptors of Industry
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Sam Altman: Safety Standards 'Not at a Place' to Push AI Capabilities Much FurtherSeptember 11, 2026
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Why GM's CEO Mary Barra is Still Bullish on Electric VehiclesSeptember 9, 2026
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Bill Ackman's takes on Mamdani, Trump and investing in the age of AIAugust 4, 2026
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FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 14, 2026
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$4 Trillion Savings Gap: TIAA’s CEO on The Retirement Crisis June 16, 2026
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Qualcomm's AI takeover | Titans and DisruptorsMay 5, 2026
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Delta: Bankrupt to Billions | Titans and DisruptorsMarch 31, 2026
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The End of Work: Vinod Khosla's Bold AI Prediction | Titans and DisruptorsMarch 3, 2026
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Google’s AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 10, 2026
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Pfizer CEO took on COVID. Now he wants to cure cancer | Titans and DisruptorsJanuary 27, 2026
Success
Disney offered a 13-year-old $2 million to sing in The Lion King—his mom took $100k plus royalties instead. He’s still getting paid 32 years later
Success
Disney offered a 13-year-old $2 million to sing in The Lion King—his mom took $100k plus royalties instead. He’s still getting paid 32 years later
By Orianna Rosa RoyleOctober 9, 2026
Martha Stewart
Success
Martha Stewart says Kmart once paid her $65 million a year in royalties—enough to bankroll her entire empire
By Fernanda TroncoOctober 8, 2026
Brian Chesky, the cofounder of $95.8 billion Airbnb
Success
Airbnb CEO Brian Chesky says he wishes he were 26 again because the opportunities post-ChatGPT ‘are so much more powerful’
By Emma BurleighOctober 8, 2026
Jensen Huang speaks, holding a microphone
Success
Nvidia CEO Jensen Huang says if you want to be successful, prepare to suffer: ‘If it’s a walk in the park, anybody could do it’
By Preston ForeOctober 8, 2026
Term Sheet Podcast
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This Billion-Dollar Soda Brand Founder Explains Why Fortune 500s Can’t Win Gen ZSeptember 23, 2026
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Inside Wonder's Plan to Automate Restaurants: From Robotic Kitchens to Drone Delivery | Term SheetAugust 25, 2026
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This Mentalist Says He’s Training ChatGPT to Hypnotize People | Term SheetAugust 13, 2026
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The $11.5B Startup 100 Investors Turned Down | Term SheetJuly 28, 2026
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 23, 2026
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 10, 2026
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The $2B AI tool automating Wall Street | Term SheetMay 27, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther Wojcicki | Term SheetApril 21, 2026
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The Startup Fighting to Save the American Farm with Modern Finance | Term SheetApril 7, 2026
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How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 17, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
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Chemistry cofounder: “more talented founders than ever” are moving into health care | Term SheetFebruary 3, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
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OpenAI Researcher turned VC on what we’re missing on the AI Bubble January 13, 2026
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“Healthcare isn't working for anybody,” says Cityblock Health’s Dr. Toyin Ajayi | Term SheetNovember 4, 2025
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Vet care for the 21st century with Modern Animal’s Steven EidelmanOctober 29, 2025
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“Success disasters,” data privacy, and unlocking growth with Oura CEO Tom HaleOctober 21, 2025
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"Bubbles have almost always preceded some important technological shift”: OpenAI's COOOctober 6, 2025
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The Sociology of Startup Success with VC Powerhouse Hans TungOctober 1, 2025
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The “Egoless” Company Culture that Powers Supabase with CEO Paul CopplestoneSeptember 24, 2025
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Inside Phia's $8 Million Seed RoundSeptember 16, 2025
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Klarna CEO Sebastian Siemiatowski on the IPO, Loving Walmart, and Embracing AISeptember 10, 2025
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The Brave New World of AI Cyber Crime with Evan Reiser from Abnormal AIAugust 27, 2025
Video ThumbnailPlay31:48
Vibe Coding, Tech Jobs, & Democratizing the Web with Vercel’s Guillermo Rauch | Fortune Term SheetAugust 20, 2025
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Nvidia + AMD’s Deal & Unfiltered Chat with OG VC, Canvas Prime’s Rebecca LynnAugust 13, 2025
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OpenAI Raises More Capital, Joby Aviation’s Air Taxi Play & The Power of Community in TechAugust 6, 2025
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Figma IPO: What Investors Need to Know, and Understanding Defense TechJuly 30, 2025
From the Magazine
MagazinePalo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI

Cybersecurity’s AI reckoning has arrived, and Arora has become a go-to advisor to CEOs.

By Allie GarfinkleSeptember 30, 2026
In the high-stakes game of chicken between CEOs and states, who blinks first?
Magazine
In the high-stakes game of chicken between CEOs and states, who blinks first?
By Ruth UmohSeptember 30, 2026
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
Magazine
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
By Allie GarfinkleSeptember 28, 2026
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
Magazine
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
By Indrani SenSeptember 27, 2026
How social media remade the luxury watch market
Magazine
How social media remade the luxury watch market
By Adam EraceSeptember 26, 2026
Energy
Current price of oil as of Oct. 9, 2026
Personal Finance
Current price of oil as of October 9, 2026
By Joseph HostetlerOctober 9, 2026
Plastic bottles of Pepsi are displayed at a grocery store in New York.
North America
‘We don’t feel good’: PepsiCo plans price hike on Doritos, Ruffles, SunChips and sodas after offsetting costs with $178 million tariff refund
By The Associated Press and Dee-Ann DurbinOctober 8, 2026
A driver filled up his truck at a gas station.
Energy
‘Lipstick on a pig’: Trump’s red-dyed diesel plan is more midterms appeal than gas price solution, experts say—and even truckers are calling his bluff
By Sasha RogelbergOctober 8, 2026
Current price of oil as of Oct. 8, 2026
Personal Finance
Current price of oil as of October 8, 2026
By Joseph HostetlerOctober 8, 2026
Fortune Rankings
Change the World
Change the World
By FortuneSeptember 23, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneSeptember 16, 2026
Fortune Global 500 Ranking
Fortune Global 500
By FortuneJuly 28, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Leadership
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution
Commentary
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution
By Christopher KoopmanOctober 9, 2026
clear
Commentary
CLEAR founder: fast AI can be safe AI when we fix the identity layer
By Caryn Seidman BeckerOctober 9, 2026
The AI race may be decided by financing—not just better chips
Newsletters
The AI race may be decided by financing—not just better chips
By Diane BradyOctober 9, 2026
Gwynne Shotwell’s $300 million SpaceX pledge to Trump Accounts shows billionaires a tax-smart way to give away their own company’s stock
Personal Finance
Gwynne Shotwell’s $300 million SpaceX pledge to Trump Accounts shows billionaires a tax-smart way to give away their own company’s stock
By Sydney LakeOctober 9, 2026
Takeaways from the Fortune AIQ 75
Illustration featuring several employees at work, connected by a green arrow.
AIFrom Pfizer to UPS, the newest members of the AIQ 75 share the secrets to upping their AI game

How Pfizer, Lumen, Cisco, UPS, Palo Alto Networks, and Thermo Fisher are moving AI beyond pilots—using it to reshape drug discovery, networks, logistics, cybersecurity, and daily work.

By John KellSeptember 29, 2026
Illustration of three employees racing one another across the finish line
AI
How bottom-line-focused financial firms are finding ROI in AI
By John KellSeptember 29, 2026
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
AI
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
By Sage LazzaroSeptember 29, 2026
How Netflix is using AI to personalize streaming
Magazine
How Netflix is using AI to personalize streaming
By Sage LazzaroSeptember 29, 2026
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
AI
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
By Sage LazzaroSeptember 29, 2026
Features
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.
AI
Exclusive: Sam Altman addresses AI doomsday fears in new interview
By Alyson ShontellSeptember 12, 2026
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
AI
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
By Alexei OreskovicSeptember 12, 2026
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
Big Tech
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
By Sebastian HerreraSeptember 9, 2026
Real Estate
Today’s home equity loan and HELOC rates, Oct. 9, 2026
Personal Finance
Today’s home equity loan and HELOC rates, Oct. 9, 2026
By Joseph HostetlerOctober 9, 2026
Mortgage rates today, Oct. 9, 2026: Slight tick down for some loan types
Personal Finance
Mortgage rates today, Oct. 9, 2026: Slight tick down for some loan types
By Glen Luke FlanaganOctober 9, 2026
Current refi mortgage rates report for Oct. 9, 2026
Personal Finance
Current refi mortgage rates report for Oct. 9, 2026
By Glen Luke FlanaganOctober 9, 2026
Current ARM mortgage rates report for Oct. 9, 2026
Personal Finance
Current ARM mortgage rates report for Oct. 9, 2026
By Glen Luke FlanaganOctober 9, 2026
Commentary
Sam AltmanBy Christopher Koopman
Sam Altman says we need another Renaissance. But we really need another Industrial Revolution
DataBy Han Wang
Nobody has been in charge for decades of the single most important part of the AI revolution: documentation
cyberBy Caryn Seidman Becker
CLEAR founder: fast AI can be safe AI when we fix the identity layer
AutomationBy Michael Serazio
AI might ‘kill us all.’ That’s still a savvy sales pitch
HealthBy Raj Panjabi
I served as the White House’s top biosecurity official. Here’s what I’m watching for with AI
EconomicsBy Jared Franz
Is AI the new China Shock?
Fortune Secondary Logo
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