President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, 2026, two weeks after Elon Musk’s company completed a blockbuster initial public offering. The timing came as SpaceX’s stock had already fallen from its IPO peak of over $200, trading in the mid-$150 range on the purchase date. By the end of trading on the same day, shares closed at the IPO price of $135, potentially leaving Trump’s stake at a loss.
The disclosure follows reports of close ties between Trump and Musk, despite a brief rift last summer over unsealed court documents related to Jeffrey Epstein. SpaceX has seen growing government contracts under the Trump administration’s deregulatory approach, according to a *Wall Street Journal* analysis. A White House spokesman confirmed Trump’s portfolio is managed by third-party firms tracking major indexes like the Schwab 1000.
SpaceX had successfully lobbied index providers to adjust rules ahead of its IPO, accelerating its inclusion in broader portfolios. The move expanded retail and institutional ownership of the stock, even among investors unaware of the company’s presence in their holdings.
