economy
Trump bought SpaceX shares two weeks after blockbuster IPO
The president bought when the stock was in the mid-$150 range. SpaceX finished trading on Monday back at its IPO price of $135.
TL;DR
- President Trump invested between $10,000 and $50,000 in SpaceX shares on June 23.
- The purchase occurred two weeks after SpaceX's record-setting IPO.
- SpaceX shares were trading in the mid-$150 range on June 23, above the IPO price of $135.
- The White House claims the president's stock portfolio is managed by third-party financial institutions.
- SpaceX has benefited from government contracts and the Trump administration's deregulatory stance.