Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows

U.S. President Donald Trump acquired a financial stake in SpaceX, the rocket company founded by Elon Musk, in June, according to a public financial disclosure. The investment totaled up to $50,000, with Trump purchasing shares between $15,001 and $50,000 on June 23. The transaction was part of over 1,000 stock trades the president carried out during June. SpaceX initiated its initial public offering on June 12, setting new IPO records.

White House spokesman Davis Ingle clarified that the president's portfolio is managed by third-party financial institutions, which replicate recognized indexes, such as the Schwab 1000. He emphasized that neither President Trump nor any member of his family can influence or provide input on how the portfolio is invested or when investments are made.

This investment establishes a new financial connection between Trump and Musk's aerospace company at a critical juncture for SpaceX, which is a significant U.S. military contractor. The administration is currently making decisions that could impact the firm's future. On Thursday, President Trump directed his team to expedite the growth of U.S. commercial space launches, with SpaceX being a leading player in this sector.

However, it remains unclear what the exact value of Trump's investment is due to the use of ranges in federal officials' financial disclosure forms.