Trump bought SpaceX shares two weeks after blockbuster IPO
Financial disclosures reveal that President Donald Trump purchased up to $50,000 in SpaceX shares shortly after the company's IPO. The investment comes amid ongoing scrutiny regarding the relationship between the Trump administration and Elon Musk's business interests.
Why it matters
The purchase raises questions about potential conflicts of interest between the President's personal investments and government policy.
President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters , two weeks after the record-setting IPO of Elon Musk’s company.
It’s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of over $200. SpaceX shares were trading in the mid-$150 range on June 23. At the end of trading on Monday, shares closed at the IPO price of $135, possibly putting the president’s stake underwater.
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