GoKawiilTrump disclosed up to $50,000 SpaceX stock purchase made post-IPO
A financial disclosure shows President Trump bought as much as $50,000 in SpaceX shares on June 23, two weeks after the company's IPO. The purchase came after shares had already dropped from highs above $200 to the mid-$150s, and by Monday's close the stock had fallen further to its $135 IPO price, potentially leaving Trump's stake at a loss.
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SpaceX has been winning a growing share of federal contracts under an administration pursuing deregulation favorable to Musk's ventures, raising questions about potential conflicts of interest when the sitting president personally holds equity in a major government contractor. The White House says the holdings are managed passively through index-tracking funds, but SpaceX's push to get included in popular indexes ahead of its IPO means many investors, including possibly Trump, may hold shares without direct intent.
- Trump bought up to $50,000 in SpaceX stock on June 23, per a financial disclosure reported by Reuters.
- The purchase came after shares slid from over $200 to the $150s, and stock has since dropped to its $135 IPO price.
- SpaceX has been securing more federal contracts under Trump-era deregulation, raising conflict-of-interest concerns.
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Published there as: “Trump bought SpaceX shares two weeks after blockbuster IPO”
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