{"id":3491661,"date":"2026-08-24T21:24:17","date_gmt":"2026-08-24T21:24:17","guid":{"rendered":"https:\/\/techingeek.com\/index.php\/2026\/08\/24\/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo\/"},"modified":"2026-08-24T21:24:17","modified_gmt":"2026-08-24T21:24:17","slug":"trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo","status":"publish","type":"post","link":"https:\/\/techingeek.com\/index.php\/2026\/08\/24\/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo\/","title":{"rendered":"Trump bought SpaceX shares two weeks after blockbuster IPO"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/08\/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters, two weeks after the record-setting IPO of Elon Musk\u2019s company.<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of over $200. SpaceX shares were trading in the mid-$150 range on June 23. At the end of trading on Monday, shares closed at the IPO price of $135, possibly putting the president\u2019s stake underwater.<\/p>\n<p class=\"wp-block-paragraph\">Trump and Musk are close, despite a brief falling out last summer that involved the businessman accusing the president of withholding the Department of Justice\u2019s files on Jeffrey Epstein because of how often Trump\u2019s name appears in them. SpaceX has been hoovering up an increasing amount of government contracts and benefiting from the Trump administration\u2019s deregulatory stance, according to a recent Wall Street Journal analysis.<\/p>\n<p class=\"wp-block-paragraph\">White House spokesman Davis Ingle told Reuters that the president\u2019s stock portfolio is managed by third-party financial institutions and replicate \u201crecognized indexes, such as the Schwab \u200b1000.\u201d SpaceX lobbied popular indexes to change their rules to allow for faster inclusion ahead of its IPO, which means many people likely own some of the company\u2019s stock even if they don\u2019t know it.<\/p>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/08\/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters, two weeks after the record-setting IPO of Elon Musk\u2019s company.<\/p>\n<p class=\"wp-block-paragraph\">It\u2019s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of over $200. SpaceX shares were trading in the mid-$150 range on June 23. At the end of trading on Monday, shares closed at the IPO price of $135, possibly putting the president\u2019s stake underwater.<\/p>\n<p class=\"wp-block-paragraph\">Trump and Musk are close, despite a brief falling out last summer that involved the businessman accusing the president of withholding the Department of Justice\u2019s files on Jeffrey Epstein because of how often Trump\u2019s name appears in them. SpaceX has been hoovering up an increasing amount of government contracts and benefiting from the Trump administration\u2019s deregulatory stance, according to a recent Wall Street Journal analysis.<\/p>\n<p class=\"wp-block-paragraph\">White House spokesman Davis Ingle told Reuters that the president\u2019s stock portfolio is managed by third-party financial institutions and replicate \u201crecognized indexes, such as the Schwab \u200b1000.\u201d SpaceX lobbied popular indexes to change their rules to allow for faster inclusion ahead of its IPO, which means many people likely own some of the company\u2019s stock even if they don\u2019t know it.<\/p>\n","protected":false},"author":2,"featured_media":3491662,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3491661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491661"}],"collection":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/comments?post=3491661"}],"version-history":[{"count":0,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491661\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media\/3491662"}],"wp:attachment":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media?parent=3491661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/categories?post=3491661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/tags?post=3491661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}