Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows

Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows

Trump bought shares in Elon Musk's SpaceX in June, financial disclosure shows

FILE PHOTO: A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon//File Photo

By Courtney Rozen

Mon, August 24, 2026 at 8:24 PM GMT+3 1 min read

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By Courtney Rozen

WASHINGTON, Aug 24 (Reuters) - U.S. President Donald Trump invested as much as $50,000 in Elon Musk's SpaceX in ‌June, according to a public financial disclosure, giving him ‌a financial stake in a major government contractor run by his former adviser.

He bought ​between $15,001 and $50,000 in shares on June 23, according to a financial disclosure signed by him on August 12 and made public on August 22. The purchase was part of more than 1,000 stock ‌trades the president made ⁠in June.

SpaceX held its initial public offering on June 12, which demolished IPO records.

In a statement to ⁠Reuters, White House spokesman Davis Ingle said that third-party financial institutions independently manage the president's portfolio and replicate "recognized indexes, such as the Schwab ​1000."

"Neither President ​Trump nor any member of ​his family has any ability ‌to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold," Ingle said in the statement.

Trump's investment in SpaceX adds a new financial link between the president and Musk's rocket company at a time when ‌the administration is making decisions that could ​affect the firm's fortunes.

SpaceX is a ​U.S. military contractor, and ​often seeks approvals from federal agencies. Trump on Thursday ‌directed his team to help ​drastically increase the ​number of U.S. commercial space launches. SpaceX is a dominant player in that sector.

Reuters could not immediately determine the precise ​amount of the investment ‌because federal officials use ranges to declare the value ​of their assets on their financial disclosure forms.

(Reporting by ​Courtney Rozen; Editing by Sharon Singleton)