Hajra Naz
President Donald Trump bought stock in SpaceX. He bought up to $50,000 worth of shares. This happened on June 23. A financial disclosure first revealed the news. Reuters reported the story initially. The purchase came two weeks after SpaceX’s IPO. Elon Musk’s company had just set a record with that IPO.
The exact price Trump paid remains unknown—however, the timing matters. By June 23, shares had already dropped. They had fallen from highs above $200. On that day, SpaceX shares traded in the mid-$150 range. Then came Monday’s closing numbers. Shares closed at $135. That price matched the original IPO price. This means the president’s investment may now be at a loss.
Trump and Musk share a close relationship. Their bond continued despite one rocky moment last summer. During that period, the two men had a public dispute. Musk accused Trump of holding back certain files. These were Department of Justice documents. They involved Jeffrey Epstein. Musk claimed Trump withheld them because his own name appeared frequently in them.
Since then, SpaceX has thrived under government partnerships. The company has secured more and more federal contracts. A recent Wall Street Journal analysis highlighted this trend. The report also noted how SpaceX has benefited from looser regulations. These policies stem from the current administration’s deregulatory approach.
White House spokesman Davis Ingle addressed concerns about a conflict of interest. He spoke with Reuters about the matter. According to Ingle, the president does not personally manage his stock holdings. Instead, third-party financial institutions handle this task. These institutions aim to mirror established market indexes. One example is the Schwab 1000 index.
There’s another angle to this story. SpaceX pushed for changes before its IPO. The company lobbied major stock indexes directly. It wanted faster inclusion in these indexes once shares went public. This effort succeeded. As a result, many everyday investors may now hold SpaceX stock. Some of them might not even realize it. Their exposure comes through index funds they already own.
