President Donald Trump is set to present the National Medal of Science and the National Medal of Technology and Innovation to a group of prominent technology executives at the White House's Science: A New Golden Age Summit, according to a report from Fox News Digital.
The National Medal of Science will be awarded to Elon Musk, the CEO of Space Exploration Technologies Corp. (NASDAQ: SPCX), Alphabet Inc. (NASDAQ: GOOG) co-founder Sergey Brin, Nvidia Corp. (NASDAQ: NVDA) CEO Jensen Huang, and Advanced Micro Devices Inc. (NASDAQ: AMD) CEO Lisa Su.
Separately, Dell Technologies Inc. (NYSE: DELL) CEO Michael Dell and Microsoft Corp. (NASDAQ: MSFT) CEO Satya Nadella will receive the National Medal of Technology and Innovation. This marks the first time in either of Trump's administrations that these specific medals have been presented.
A White House spokesperson, Liz Huston, stated that the administration is grateful for the contributions of these leaders and emphasized that they are helping ensure America maintains a leading position in innovation globally.
The report notes that Musk spent approximately $250 million supporting Trump's 2024 campaign, though he later split with the administration over a tax-and-spending bill before renewing ties. Musk currently co-leads the Pentagon's Project Meridian. Additionally, reports indicate Musk plans to spend between $100 million and $120 million backing at least eight GOP candidates in the upcoming midterms.
Regarding Nvidia, the report mentions that Jensen Huang donated to Trump's White House ballroom. Dell has pledged $6.25 billion to fund accounts for 25 million children under the administration's accounts program, and AMD has also contributed to the initiative.
Last month, Trump hosted AI and tech leaders for the Accord on Super Intelligence, a voluntary safety pact that calls for independent audits and stronger internal controls for advanced AI systems.
On the day of the report, shares of Space Exploration Technologies Corp. (SPCX) closed 2.51% lower at $167.60 and were down 0.54% to $168.50 during extended trading.
