Trump Bought Up to $50,000 in SpaceX Shares After $135 IPO
Updated
Updated · TechCrunch · Aug 24
Trump Bought Up to $50,000 in SpaceX Shares After $135 IPO
3 articles · Updated · TechCrunch · Aug 24
Summary
$50,000 in SpaceX stock was purchased by President Donald Trump on June 23, a financial disclosure showed, about two weeks after Elon Musk’s company completed its record-setting IPO.
SpaceX traded in the mid-$150s on the purchase date after topping $200 earlier, but closed Monday at its $135 IPO price, potentially leaving Trump’s stake underwater.
Davis Ingle, a White House spokesman, told Reuters Trump’s portfolio is managed by third-party institutions and mirrors recognized indexes such as the Schwab 1000.
SpaceX has been winning more government contracts and benefiting from the administration’s deregulatory stance, while its push for faster index inclusion means many investors may hold the stock indirectly.