After trading above $200, SpaceX shares closed at the IPO price of $135, possibly leaving President Trump’s stake underwater.
President Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by Reuters. The purchase came two weeks after SpaceX’s record-setting initial public offering, when the stock had already fallen from highs above $200 to the mid-$150 range.
Trump and Elon Musk have a close relationship despite a brief falling out last summer, when Musk accused the president of withholding Department of Justice files on Jeffrey Epstein. SpaceX has been winning more government contracts and benefiting from the Trump administration’s deregulatory stance, according to a recent Wall Street Journal analysis.
For builders and operators, the key implication is that SpaceX’s index inclusion means passive funds now hold the stock, so many portfolios have indirect exposure without explicit consent. Third-party financial institutions manage the president’s portfolio and replicate recognized indexes, according to the White House.
Watch whether SpaceX shares recover or slide further after closing at the IPO price of $135, which would put the president’s stake underwater. Also watch for any expansion of SpaceX’s government contracts or regulatory benefits under the administration.
What matters
- Trump bought up to $50,000 in SpaceX shares on June 23, two weeks after the IPO.
- The purchase deepens ties between the president and a major government contractor.
- Watch whether SpaceX shares continue sliding after closing at the IPO price of $135.
Why it matters
Watch whether SpaceX shares continue sliding after closing at the IPO price of $135.
This GenAI News article was prepared in original wording using reporting and materials published by TechCrunch AI. Source reference: https://techcrunch.com/2026/08/24/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo/.
Drafted by the GenAI News review pipeline.