Trump officials held millions of dollars of SpaceX ahead of IPO
Trump administration officials have significant financial interests in SpaceX ahead of its initial public offering (IPO). The total value of their holdings ranges from $9.9 million to $43.8 million, with some officials receiving ethics waivers to maintain their positions. The IPO is expected to make Elon Musk the world's first trillionaire and create substantial wealth for insiders and employees.
- ▪Ten Trump officials reported financial interests in SpaceX or its merged company xAI.
- ▪The officials' holdings are valued between $9.9 million and $43.8 million according to public disclosures.
- ▪SpaceX's IPO could make Elon Musk the world's first trillionaire with a targeted valuation of $1.77 trillion.
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| Original publisher | The Straits Times |
| Canonical URL | https://www.straitstimes.com/world/united-states/trump-officials-held-millions-of-dollars-of-spacex-ahead-of-ipo |
| Publication time | Thu, 04 Jun 2026 09:00:00 +0800 |
| Retrieval time | 2026-06-04T01:25:03.252Z |
| Last seen | 2026-06-04T01:25:03.252Z |
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Trump officials held millions of dollars of SpaceX ahead of IPOSign up now: Get ST's newsletters delivered to your inboxSpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of Trump's administration. PHOTO: REUTERSPublished Jun 04, 2026, 09:00 AMUpdated Jun 04, 2026, 09:00 AMNEW YORK – 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.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Straits Times.