Trump quietly bought SpaceX stock. Yes, that SpaceX.
A new disclosure shows President Trump bought up to $50,000 in SpaceX shares on June 23, just two weeks after the company's blockbuster IPO. By then shares had already dropped from highs above $200 into the mid-$150s, and after Monday's close at $135, his stake may be underwater. The buy lands awkwardly given SpaceX's growing pile of government contracts and cozy regulatory treatment under Trump, despite his and Musk's rocky public history.
Nothing says conflict of interest like the president personally betting on his buddy's rocket company.