Key facts
- President Donald Trump bought between $15,001 and $50,000 of SpaceX shares on July 10.
- President Donald Trump sold between $1,001 and $15,000 of SpaceX shares on July 17.
- The transactions were disclosed in a financial disclosure signed by Trump on September 8.
- SpaceX is a US military contractor that seeks approvals from federal agencies.
US President Donald Trump engaged in stock transactions involving Elon Musk's SpaceX in July, according to a public financial disclosure. Trump bought shares valued between $15,001 and $50,000 on July 10 and sold shares valued between $1,001 and $15,000 on July 17. These transactions, part of over 1,000 trades made by the president in July, were detailed in a financial disclosure signed on September 8 and posted online by the Office of Government Ethics. The trades establish a new financial connection between the president and SpaceX, a company that provides space, satellite, and AI services and is a US military contractor often seeking federal agency approvals. Reuters had previously reported Trump's purchase of SpaceX shares in June, around the time the company achieved its largest-ever US IPO, valuing it at $1.77 trillion.