President Trump trades up to $50,000 in SpaceX shares, then sells part of the stake
A financial disclosure filed on September 8 shows that President Donald Trump purchased a block of SpaceX shares valued at $15,001-$50,000 on July 10. Within a week, on July 17, he sold a smaller portion worth $1,001-$15,000. The transactions are part of more than 1,000 trades he made in July. SpaceX, a U.S. military contractor, recently completed a record-size IPO valued at $1.77 trillion. The president’s portfolio is managed by third-party institutions that track recognized indexes.
According to a public financial disclosure signed on September 8, President Donald Trump acquired SpaceX stock worth between $15,001 and $50,000 on July 10. Seven days later, he disposed of shares valued between $1,001 and $15,000. These moves are among over 1,000 transactions the president recorded for the month of July.
SpaceX, the rocket and satellite firm founded by Elon Musk, had its biggest U.S. IPO on June 12, assigning it a $1.77 trillion valuation and making it a key defense contractor. The president’s investments are overseen by one outlet financial managers that replicate broad market indexes such as the Schwab 1000. No comment was received from the president’s spokesperson regarding the July trades. The Office of Government Ethics posted the disclosure form online, but the exact amounts remain uncertain because the filing uses value ranges.
How this story developed
- Sep 10 Trump vows $5,000 payout to adults if GOP controls Congress
- Sep 10 Several GOP lawmakers publicly questioned the feasibility and fiscal impact of the dividend.
- Sep 11 Texas Democratic gubernatorial candidate Gina Hinojosa voiced support for a universal $5,000 payout while insisting it should not be conditioned on the midterm results.
- Sep 14 Rep. Mike Lawler said a funding source must be identified for the proposed payout.
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