Trump bought SpaceX shares two weeks after blockbuster IPO
In Brief Posted: 2:24 PM PDT · August 24, 2026 Image Credits:Kevin Dietsch / Getty Images Sean O'Kane Trump bought SpaceX shares two weeks after blockbuster IPO President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by…
In Brief Posted: 2:24 PM PDT · August 24, 2026 Image Credits:Kevin Dietsch / Getty Images Sean O'Kane Trump bought SpaceX shares two weeks after blockbuster IPO 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. Trump and Musk are close, despite a brief falling out last summer that involved the businessman accusing the president of withholding the Department of Justice’s files on Jeffrey Epstein because of how often Trump’s name appears in them. SpaceX has been hoovering up an increasing amount of government contracts and benefiting from the Trump administration’s deregulatory stance, according to a recent Wall Street Journal analysis. White House spokesman Davis Ingle told Reuters that the president’s stock portfolio is managed by third-party financial institutions and replicate “recognized indexes, such as the Schwab 1000.” SpaceX lobbied popular indexes to change their rules to allow for faster inclusion ahead of its IPO, which means many people likely own some of the company’s stock even if they don’t know it. Topics AI, Donald Trump, Elon Musk, In Brief, Space, SpaceX October 13 – 15 San Francisco In less than 48 hours, your chance to save up to $300 on your tickets will end! REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news Related Transportation India’s Airbound bags $37M to take on trucks with rocket-like drones Jagmeet Singh 2 hours ago Hardware Oura is reportedly eyeing a September IPO that could value it at more than $16B Connie Loizos 6 hours ago Government & Policy Zillow and Redfin settle FTC antitrust case Lauren Forristal 8 hours ago Latest in Space In Brief Trump bought SpaceX shares two weeks after blockbuster IPO Sean O'Kane 8 hours ago Space Japanese space tech startup Letara expands beyond satellite thrusters with $16M Kate Park 3 days ago Space Starcloud raises $250 million for orbital data centers as launch options dry up Tim Fernholz 4 days agoSource: TechCrunch — Published — Category: Business