Trump Invests in SpaceX Post-IPO Despite Share Price Drop

President Donald Trump acquired up to $50,000 in SpaceX shares on June 23, shortly after the company's record-breaking IPO. While the exact purchase price remains unclear, shares had dipped from their peak above $200 to approximately $150 at the time of his investment.

By the end of trading on Monday, SpaceX shares settled at the IPO price of $135, potentially placing Trump's investment at a loss.

Despite a previous conflict regarding Jeffrey Epstein-related documents, Trump maintains a close relationship with Elon Musk, as SpaceX continues to benefit from government contracts.

Source: techcrunch.com