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President Donald Trump purchased between $15,001 and $50,000 worth of SpaceX shares on June 23, according to a financial disclosure signed on August 12 and released Friday. The SpaceX investment was one of more than 1,000 stock transactions made through the president’s portfolio during June.
The purchase came shortly after Elon Musk-led SpaceX completed its initial public offering on June 12, setting records in the IPO market. The transaction gives Trump a financial connection to one of the most prominent companies in the U.S. commercial space industry.
White House spokesman Davis Ingle said Trump does not personally control investment decisions involving his portfolio. He told Reuters that independent third-party financial institutions manage the assets and replicate established market indexes, including the Schwab 1000.
"Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold," Ingle said.
The SpaceX stock purchase is notable because the rocket and satellite company is led by Musk, who previously served as a presidential adviser. SpaceX is also a major U.S. government contractor, providing services to the military and other federal agencies while requiring regulatory approvals for many of its operations.
The disclosure comes as the Trump administration pushes to accelerate growth in the American commercial space industry. On Thursday, Trump directed his team to support efforts to increase the number of commercial space launches conducted in the United States.
SpaceX is already a dominant player in the U.S. launch market, making the administration's space policy particularly relevant to the company and its competitors.
The disclosure does not reveal the exact amount Trump invested in SpaceX. Under federal financial reporting requirements, government officials generally report the value of investments and transactions within specified ranges rather than providing precise dollar figures.
