According to a financial disclosure first reported by Reuters, President Donald Trump purchased up to $50,000 worth of SpaceX shares on June 23, approximately two weeks after the company’s record-setting IPO. The article does not specify the price Trump paid for the shares, but notes that by that date, SpaceX shares had declined from their peak of over $200, trading in the mid-$150 range. As of the end of trading on Monday, SpaceX shares closed at the IPO price of $135, potentially resulting in a loss on Trump’s investment.
The article highlights the close relationship between Trump and SpaceX CEO Elon Musk, despite a brief rift last summer involving accusations from Musk about the withholding of Department of Justice files related to Jeffrey Epstein. It also mentions that SpaceX has secured an increasing number of government contracts and has benefited from the Trump administration’s deregulatory policies, as noted in a recent Wall Street Journal analysis. Additionally, a White House spokesman stated that Trump’s stock portfolio is managed by third-party financial institutions and is designed to replicate recognized indexes, such as the Schwab 1000. The article further notes that SpaceX lobbied popular indexes to modify their rules to expedite inclusion ahead of its IPO, suggesting that many individuals may hold SpaceX stock indirectly through these indexes without their knowledge.