President Donald Trump has invested in SpaceX, the rocket company that made Elon Musk a trillionaire, according to a public financial disclosure filed on August 22. The disclosure reveals Trump bought SpaceX shares worth between $15,001 and $50,000 during a busy month of over 1,000 stock transactions by the president in June. The investment creates a notable financial link between Trump and the company run by his former advisor, despite their well-known political differences.
Financial Disclosure Reveals Trump SpaceX Stake
Trump signed the financial form on August 12, and it became public ten days later. The document shows he purchased the shares on June 23, just days after SpaceX launched its record-breaking IPO on June 12. The SpaceX IPO smashed previous listing records and pushed Elon Musk into the trillionaire club.
White House Says Portfolio Is Managed Automatically
White House spokesperson Davis Ingle told Reuters that the president’s investment portfolio is managed entirely by third-party financial institutions. Ingle said the funds are invested in recognised index funds like “Schwab 1000.” He clarified that neither President Trump nor any family member can direct when to buy or sell shares in the portfolio.
Trump and Musk: A Complicated Financial Link
This investment creates a new financial connection between the president and Musk’s rocket company at a critical time. The Trump administration is making decisions that could directly impact SpaceX’s future. SpaceX is a major US military contractor that regularly requires federal approvals for its operations and contracts.
Expanding America’s Commercial Space Missions
On Thursday, Trump directed his team to dramatically increase the number of US commercial space missions. This move could benefit SpaceX as the leading American private space company. Reuters could not determine the exact investment amount because federal officials disclose asset values in ranges rather than precise figures on financial disclosure forms.
