Trump was revealed to have bought stocks worth between $15,000 and $50,000 after SpaceX went public, and is currently sitting on an unrealized loss of around 13%.
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According to Trump’s financial disclosure documents, his portfolio manager purchased SpaceX stock worth between $15,001 and $50,000 on June 23, shortly after SpaceX went public. The transaction was among more than 1,000 trades made by Trump’s portfolio in June, the documents show. White House spokesperson Davis Ingle responded that the third-party firm managing Trump’s portfolio primarily tracks well-known indices including the Schwab 1000, and neither Trump nor his family can direct, influence, or participate in the portfolio’s trading decisions. The disclosure shows the stock was bought at around $156.11, while SpaceX closed at $135 on Monday, matching its IPO price, meaning the investment is currently sitting on an unrealized loss of roughly 13.5%. Given that SpaceX is a U.S. government contractor and Trump recently called for an increase in U.S. commercial space launches, Democratic lawmakers have raised questions about the transaction and Trump’s investment management arrangements. Senator Elizabeth Warren and Representative Robert Garcia previously sent a letter to Trump, demanding he disclose the third-party firm managing his investments and the rationale for the trades, and questioning whether his numerous stock transactions during his term could create conflicts of interest with his government duties.
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