# Trump trades SpaceX shares while advising on company

> President bought and sold Elon Musk's rocket company stock in July, creating new financial ties to a major government contractor.
- Title: Trump trades SpaceX shares while advising on company
- Summary: President bought and sold Elon Musk's rocket company stock in July, creating new financial ties to a major government contractor. Trump has direct financial…
- Keywords: donald trump, elon musk, spacex, stock trades, financial disclosure, government contractor, conflict of interest, military contractor, federal ethics, spacex ipo, politics, news
- Source: NBC News — https://nbcnews.com/business/markets/trump-july-stock-trades-financial-disclosure-rcna599301
- Author: Reuters
- Published: 2026-09-22T21:17:53.737+00:00
- Read time: 1 min
- Topics: donald trump, elon musk, spacex, stock trades, financial disclosure, government contractor, conflict of interest, military contractor, federal ethics, spacex ipo, politics, news
## Trump trades SpaceX stock in July
President Trump bought up to $50,000 and sold up to $15,000 in SpaceX shares on July 10 and 17, according to his financial disclosure filed September 8.
## SpaceX just had massive IPO
SpaceX priced the largest US IPO ever on June 12, valuing the space and satellite company at $1.77 trillion. Trump bought shares in both June and July.
## SpaceX is a military contractor
SpaceX regularly seeks approvals from federal agencies as a US military contractor. Trump's administration makes decisions that could affect the company's fortunes.
## White House says portfolio is managed independently
White House spokesman Davis Ingle said third-party financial institutions independently manage Trump's portfolio and replicate recognized indexes like the Schwab 1000.

> third-party financial institutions independently manage the president's portfolio
## Part of over 1,000 July trades
Trump's SpaceX transactions were among more than 1,000 trades he made in July. The Office of Government Ethics posted the disclosure form on Tuesday.
## Exact amounts unclear due to disclosure ranges
Federal officials use ranges to declare asset values on financial disclosure forms, so Reuters could not determine Trump's precise investment amount in SpaceX.
## Key takeaway

Trump has direct financial stakes in SpaceX at the same time his administration makes decisions affecting the company's business.