Trump discloses July trades in SpaceX
President Donald Trump disclosed in a financial filing that he bought between $15,001 and $50,000 worth of SpaceX shares on July 10, followed by selling between $1,001 and $15,000 worth on July 17, according to a document he signed on September 8. This information was posted by the Office of Government Ethics on its website on Tuesday.
These were among more than 1,000 trades the president made that month. SpaceX, founded by Elon Musk, underwent its largest initial public offering on June 12, which valued the company at $1.77 trillion. Trump had previously purchased SpaceX shares in June, as reported earlier. The White House spokesperson, Davis Ingle, stated that the president's portfolio is managed by third-party financial institutions, which replicate recognized indexes like the Schwab 1000.
The exact value of Trump's investment in SpaceX remains undisclosed, as federal officials report their assets using value ranges on disclosure forms. SpaceX is a U.S. military contractor that regularly seeks approvals from federal agencies.
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