News24 | How SpaceX's listing may enrich officials in the Trump administration
In total, the federal staffers held SpaceX or xAI stock worth at least $9.9 million and as much as $43.8 million, according to the disclosures, which were made last year and list asset values in broad ranges. These officials could have sold all or part of their holdings since then without triggering additional disclosure requirements.SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as next week, is set to make Musk the world’s first trillionaire if it achieves its targeted valuation of at least $1.8 trillion.
- ▪In total, the federal staffers held SpaceX or xAI stock worth at least $9.9 million and as much as $43.8 million, according to the disclosures, which were made last year and list asset values in broad ranges.
- ▪These officials could have sold all or part of their holdings since then without triggering additional disclosure requirements.SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members
- ▪The IPO, expected to happen as soon as next week, is set to make Musk the world’s first trillionaire if it achieves its targeted valuation of at least $1.8 trillion.
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For more financial news, visit News24 Business.SpaceX’s initial public offering will likely make President Donald Trump’s already wealthy administration even richer.Ten officials, ranging from special envoy Steve Witkoff to Small Business Administration head Kelly Loeffler, reported financial interests in Elon Musk’s rocket company or in xAI, the artificial intelligence and social media firm it merged with in February, according to their most recent public financial disclosures. In total, the federal staffers held SpaceX or xAI stock worth at least $9.9 million and as much as $43.8 million, according to the disclosures, which were made last year and list asset values in broad ranges.
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