S. President Donald Trump purchased up to $50,000 in Elon Musk's SpaceX during June, according to a public financial disclosure reported by Reuters.

The filing, signed on August 12 and made public on August 22, shows Trump bought between $15,001 and $50,000 in shares on June 23 as part of more than 1,000 stock trades conducted that month. The investment follows SpaceX’s record-breaking initial public offering on June 12.."

Neither President Trump nor any member of his family has any ability to direct, influence, or provide input regarding how the portfolio is invested or when investments are bought or sold," Ingle said in the statement. Nevertheless, the purchase adds a financial link between the president and Musk's rocket company while the administration handles key decisions impacting the sector.

As a major military contractor, SpaceX frequently seeks regulatory approval from federal agencies. S.

commercial space launches, a domain where SpaceX remains the dominant player. The exact value of the investment stays unclear, as federal financial disclosures only require officials to report assets within broad value ranges.