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

U.S. President Donald Trump invested between $15,001 and $50,000 in Elon Musk's SpaceX in June, according to a financial disclosure signed on August 12 and made public on August 22. This marks Trump's financial stake in a major government contractor run by his former adviser. The purchase was part of over 1,000 stock trades made by the president in June, as SpaceX priced its biggest-ever U.S. IPO on June 12, valuing the company at $1.77 trillion.

The White House clarified that third-party financial institutions manage the president's portfolio independently, replicating recognized indexes, and neither Trump nor any family member can direct or influence its investments. Trump's investment in SpaceX brings a new financial connection between the president and Musk's rocket company at a critical time for the firm, as the administration makes decisions that could impact its future.

SpaceX is a U.S. military contractor and often seeks approvals from federal agencies, and Trump directed his team to increase the number of U.S. commercial space launches. The Small Business Administration leader and cabinet member Kelly Loeffler earned millions from SpaceX's IPO, having invested in Musk's AI and social media firm xAI, which later merged with SpaceX.