Trump bought and sold shares in Musk’s SpaceX in July, financial disclosure shows

US President Donald Trump bought as much as $50,000 worth of shares and sold as much as $15,000 in Elon Musk’s SpaceX in July, according to a public financial disclosure, his latest transactions involving a government contractor run by his former adviser.

Trump bought between $15,001 and $50,000 worth of shares in SpaceX on July 10, according to a financial disclosure he signed on September 8. He sold between $1,001 and $15,000 worth of shares on July 17, according to the same disclosure.

The latest trades add a new financial link between the president and Musk’s rocket ​company at a time when the administration is making decisions that could affect the firm’s fortunes.

SpaceX priced ​the biggest-ever US IPO on June 12, valuing the space, satellite and ⁠AI provider at $1.77 trillion. Reuters previously reported that Trump bought shares in SpaceX in June.

In a statement to Reuters at the time, White House spokesman Davis Ingle said ​third-party financial institutions independently manage the president’s portfolio and replicate “recognized indexes, such as the Schwab ​1000.”

Trump’s spokesperson did not immediately respond to a request for comment about the July trades.

The purchase and sale were among more than 1,000 trades the…

Original source: https://www.nbcnews.com/business