President Donald Trump bought up to $50,000 worth of SpaceX shares two weeks after the company's blockbuster IPO, with the investment potentially underwater as share prices declined.
The president bought when the stock was in the mid-$150 range. SpaceX finished trading on Monday back at its IPO price of $135.
# Trump bought SpaceX shares two weeks after blockbuster IPO | TechCrunch
Source: [https://techcrunch.com/2026/08/24/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo/](https://techcrunch.com/2026/08/24/trump-bought-spacex-shares-two-weeks-after-blockbuster-ipo/)
In Brief
Posted:
2:24 PM PDT · August 24, 2026
**Image Credits:**Kevin Dietsch / Getty ImagesPresident Donald Trump bought as much as $50,000 worth of SpaceX shares on June 23, according to a financial disclosure first reported by[Reuters](https://finance.yahoo.com/markets/stocks/articles/trump-bought-shares-elon-musks-171836919.html), two weeks after the record\-setting IPO of Elon Musk’s company\.
It’s not clear what price Trump paid for the shares, but by that point they had fallen from their highs of over $200\. SpaceX shares were trading in the mid\-$150 range on June 23\. At the end of trading on Monday, shares closed at the IPO price of $135, possibly putting the president’s stake underwater\.
Trump and Musk are close, despite a brief falling out last summer that involved the businessman accusing the president of withholding the[Department of Justice’s files](https://abcnews.com/Politics/trump-disappointed-elon-musk-musk-strikes-back-real/story?id=122543215)on Jeffrey Epstein because of how often Trump’s name appears in them\. SpaceX has been hoovering up an[increasing amount of government contracts](https://www.wsj.com/business/telecom/spacex-is-racking-up-wins-in-washington-a8bac5f5)and benefiting from the Trump administration’s deregulatory stance, according to a recent Wall Street Journal analysis\.
White House spokesman Davis Ingle told Reuters that the president’s stock portfolio is managed by third\-party financial institutions and replicate “recognized indexes, such as the Schwab 1000\.” SpaceX lobbied popular indexes to change their rules to allow for faster inclusion[ahead of its IPO](https://techcrunch.com/2026/05/21/how-elon-musk-will-increase-his-power-through-the-spacex-ipo/), which means many people likely own some of the company’s stock[even if they don’t know it](https://www.theverge.com/business/968257/spacex-in-your-index-fund-explained)\.
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