Trump bought shares in Elon Musk's SpaceX in June

US President Donald Trump purchased shares in SpaceX, valued between $15,001 and $50,000, in June, according to a public financial disclosure. The investment was made on June 23, as part of over 1,000 stock trades he conducted during the month. This purchase occurred as SpaceX was preparing to list on the US stock market for the first time, with the company's IPO valued at $1.77 trillion earlier that month.

White House spokesman Davis Ingle confirmed that the president's portfolio is managed by third-party financial institutions and is aligned with standard market indexes, such as the Schwab 1000. The White House emphasized that Trump and his family have no control over portfolio decisions. SpaceX, a US military contractor, is frequently required to obtain approvals from federal agencies.

In response to increasing US commercial space launch activity, Trump instructed his team to expand the space sector's operations. Notably, Kelly Loeffler, the US Small Business Administration leader and a cabinet member under Trump, also benefited from SpaceX's IPO, having invested millions in Musk's AI and social media firm xAI, which is now part of SpaceX.