Trump bought SpaceX shares two weeks after blockbuster IPO

According to a financial disclosure, President Donald Trump purchased up to $50,000 worth of SpaceX shares on June 23, two weeks after Elon Musk's company held its record-setting IPO. The shares were trading in the mid-$150 range at the time, down from their initial highs, and have since closed at the $135 IPO price, potentially leaving the president's investment underwater. The purchase comes amid a close relationship between Trump and Musk, with SpaceX securing numerous government contracts under the current administration. A White House spokesperson noted that Trump's portfolio is managed by third-party financial institutions tracking recognized indexes.

(Source：TechCrunch)