U.S. President Donald Trump bought between $15,001 and $50,000 of SpaceX shares on June 23, a public financial disclosure shows. The purchase created a disclosed financial link between the president and Elon Musk’s space company, which holds federal contracts and requires approvals from U.S. agencies.
Trump signed the filing on August 12, and authorities released it publicly on August 22. The SpaceX purchase formed part of more than 1,000 stock transactions recorded during June. Because federal disclosure forms report asset values in ranges, the filing does not show the precise amount invested.
SpaceX completed its initial public offering on June 12, eleven days before Trump’s reported purchase. The company priced its shares at $135 and raised $75 billion. The offering valued SpaceX at $1.77 trillion, making it the largest U.S. IPO on record.
The filing does not state how many shares Trump acquired or the exact purchase price. It only places the transaction within the $15,001-to-$50,000 reporting range. Reuters said it could not determine the precise value from the public document.
White House spokesman Davis Ingle said outside financial institutions manage Trump’s portfolio independently. He said the managers replicate “recognized indexes, such as the Schwab 1000.” Ingle also said Trump and his family cannot direct, influence, or provide input on individual investment decisions.
SpaceX supplies launch, satellite, and other services to the U.S. government, including the military. The company also seeks licenses and approvals from federal agencies for launches and related operations.
Decisions by the administration can therefore affect the wider market in which SpaceX operates. Federal agencies also oversee launch safety, environmental reviews, national security, and spectrum access nationwide.
On August 20, Trump issued a national space transportation policy aimed at increasing commercial launches and re-entries. The White House set a target of at least 1,000 launches and re-entries each year by 2030. It also ordered agencies to review permitting, launch sites, federal land use, and wireless spectrum needs.
The policy applies to the commercial space sector rather than SpaceX alone. Still, SpaceX holds a leading position in U.S. launches. The disclosure does not say Trump chose the stock himself, and it does not allege that the administration gave the company special treatment because of his holding.
Musk previously worked with the Trump administration as an adviser. A public dispute later strained their relationship, but the two have since resumed contact. Trump’s stock disclosure adds a financial connection alongside SpaceX’s existing work with the federal government.
The filing followed separate reporting about Small Business Administration chief Kelly Loeffler and her investments in Musk-linked businesses. Loeffler first invested in xAI, which later merged with SpaceX. She made another investment after Trump nominated her to lead the SBA.
PitchBook analyst Franco Granda estimated that Loeffler’s first xAI investment could have been worth between $7 million and $2.6 billion on SpaceX’s IPO date. He estimated the second investment at between $2.2 million and $25.4 million. The wide estimates reflect uncertainty about the amounts and timing of her purchases.
Trump’s disclosure provides a public record of the SpaceX transaction, but it does not reveal its exact value. The White House maintains that independent managers control the portfolio and that neither Trump nor his family directs individual trades.