Politics
Financial disclosure shows Trump purchased up to $50,000 in SpaceX stock following IPO
The transaction occurred two weeks after the rocket company went public, with the White House noting third-party managers handle the portfolio.
The short version
- President Donald Trump acquired up to $50,000 in SpaceX stock on June 23, approximately two weeks after the company's initial public offering.
- SpaceX shares traded in the mid-$150s on the date of the transaction and closed at $135 on Monday, potentially leaving the stake underwater.
- A White House spokesperson stated that the president's investments are managed by independent financial institutions tracking broad stock indexes.
Key facts
- President Donald Trump bought as much as $50,000 worth of SpaceX stock on June 23, according to a financial disclosure.[TechCrunch]
- SpaceX stock traded in the mid-$150 range on June 23 and closed at its IPO price of $135 on Monday.[TechCrunch]
- White House spokesman Davis Ingle stated that third-party financial institutions manage the president's portfolio to replicate recognized indexes like the Schwab 1000.[TechCrunch]
What remains uncertain
- The exact price President Trump paid per share and the specific performance of his stake remain unverified.[TechCrunch]