Trump bought shares of SpaceX, Elon Musk's company, according to asset declaration

Trump bought shares of SpaceX, Elon Musk’s company, according to asset declaration

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The president of the United States, donald trumpinvested in June up to US$50,000 in SpaceXthe company of Elon Muskaccording to a public financial statement, giving it a financial stake in a major contracting company for the Government directed by his former advisor.

He purchased shares worth between $15,001 and $50,000 on June 23, according to a statement financial signed by him on August 12 and made public on August 22. The purchase was part of the more than 1,000 stock operations that the president carried out in June.

SpaceX went public on June 12, breaking all IPO records.

In a statement to Reutersthe White House spokesman, Davis Inglestated that independent financial institutions manage the president’s portfolio and replicate “recognized indices, such as the Schwab 1000“.

“Not even the president trump nor does any member of your family have any ability to direct, influence or provide ideas about how the portfolio is invested or when investments are bought or sold,” he said. English in the statement.

The investment of trump in SpaceX adds a new financial link between the president and the rocket company Muskat a time when the Administration You are making decisions that could affect the future of the company.

SpaceX He is an army contractor United States and many times request authorizations from federal agencies. On Thursday, trump He ordered his team to help excessively increase the number of US commercial space launches. SpaceX It is a dominant company in that sector.

Reuters He could not immediately determine the exact amount of the investment, since federal officials use ranges to declare the value of their assets on their wealth statements.