Ampol Profit Surges as Refining Margins Hit Record Highs 
Nvidia AI Server Prices Set to Rise as Memory Costs Surge 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
Anthropic IPO Could Challenge SpaceX’s Record $86 Billion Offering 
Israeli Strikes Kill Two in Gaza as Tensions Rise 
Samsung Shares Rise on $72 Billion Shareholder Return Plan 
29 US states are suing Meta. What might it mean for the rest of the world? 
Netanyahu Says Iran Tried to Kill His Son 
US Cancels South Korea Military Drill Amid Iran War 
Russian Drone Strike on Kryvyi Rih Shopping Centre Kills 15 
Israel Targets Suspected Terrorist in Southern Syria 
SEC Probes Banks Over Situational Awareness Hedge Fund Collapse 
Nvidia Eyes Perplexity Investment at $30 Billion Valuation 
China EV Stocks Slide as Door Handle Recall Hits 4.3 Million Vehicles 
California Seeks Paramount Divestitures in Warner Bros. Merger 
Prince Harry Faces Potential Multi-Million-Pound Legal Bill in Daily Mail Case 
Add as a preferred source on Google
President Donald Trump purchased between $15,001 and $50,000 worth of SpaceX shares on June 23, according to a financial disclosure signed on August 12 and released Friday. The SpaceX investment was one of more than 1,000 stock transactions made through the president’s portfolio during June.
The purchase came shortly after Elon Musk-led SpaceX completed its initial public offering on June 12, setting records in the IPO market. The transaction gives Trump a financial connection to one of the most prominent companies in the U.S. commercial space industry.
White House spokesman Davis Ingle said Trump does not personally control investment decisions involving his portfolio. He told Reuters that independent third-party financial institutions manage the assets and replicate established market indexes, including 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.
The SpaceX stock purchase is notable because the rocket and satellite company is led by Musk, who previously served as a presidential adviser. SpaceX is also a major U.S. government contractor, providing services to the military and other federal agencies while requiring regulatory approvals for many of its operations.
The disclosure comes as the Trump administration pushes to accelerate growth in the American commercial space industry. On Thursday, Trump directed his team to support efforts to increase the number of commercial space launches conducted in the United States.
SpaceX is already a dominant player in the U.S. launch market, making the administration's space policy particularly relevant to the company and its competitors.
The disclosure does not reveal the exact amount Trump invested in SpaceX. Under federal financial reporting requirements, government officials generally report the value of investments and transactions within specified ranges rather than providing precise dollar figures.
