Trump bought SpaceX shares two weeks after blockbuster IPO

Donald Trump bought up to $50,000 of SpaceX shares on June 23, after the company’s record IPO, when the stock traded near $150, below its prior $200 high. The shares closed at the IPO price of $135 that day, potentially leaving the investment underwater. His portfolio is overseen by third-party institutions that follow recognized indexes, and SpaceX has recently increased government contracts while benefiting from deregulatory policies of the prior administration.