Global Stock News

Trump Reportedly Bought SpaceX Stake in June, Can SPCX Stock Regain Upward Momentum?

Trump Reportedly Bought SpaceX Stake in June, Can SPCX Stock Regain Upward Momentum?

TradingKey – U.S. President Donald Trump’s latest financial disclosure shows that he has purchased shares of Elon Musk’s SpaceX (SPCX), with the transaction valued at up to $50,000.

According to a financial disclosure signed by Trump on August 12 and made public on August 22, he purchased between $15,001 and $50,000 worth of SpaceX stock on June 23. This trade was among more than 1,000 securities transactions he disclosed for June. Because U.S. federal officials report assets in value ranges, the exact amount Trump invested remains uncertain.

SpaceX completed its IPO on June 12 with a market valuation of approximately $1.77 trillion. Trump’s purchase occurred just weeks after the company went public, deepening his financial ties with…

Source link

Share this article

Scroll to Top