Key facts
- President Donald Trump invested up to $50,000 in Elon Musk's SpaceX.
- The investment occurred on June 23, two weeks after SpaceX's IPO.
- SpaceX shares were trading in the mid-$150 range on June 23.
- The president's stake may be underwater as shares closed at the IPO price of $135 on Monday.
- White House spokesman Davis Ingle stated the president's stock portfolio is managed by third-party financial institutions.
President Donald Trump invested between $15,001 and $50,000 in Elon Musk's SpaceX on June 23, according to a financial disclosure filed August 12 and made public August 22. The purchase occurred two weeks after the company's record-setting initial public offering. At the time of the investment, SpaceX shares were trading in the mid-$150 range, but had fallen from highs over $200. By Monday's close, shares were at the IPO price of $135, potentially putting the president's stake underwater. White House spokesman Davis Ingle stated that the president's stock portfolio is managed by third-party financial institutions and replicates recognized indexes.