Trump buys SpaceX shares weeks after IPO

The president reportedly purchased shares of SpaceX while the company’s stock was trading in the mid‑$150 range. The acquisition was made prior to the firm’s recent trading session, which saw the shares close at $135 on Monday, the same price at which SpaceX first entered the market during its initial public offering.

The transaction highlights a significant difference between the purchase price and the current market value. While the president’s stake was acquired at a valuation that reflected a higher premium, the company’s shares have since settled back to their IPO level, suggesting a correction in the market’s assessment of SpaceX’s valuation.

Overall, the president’s investment and the subsequent trading outcome illustrate the volatility that can accompany newly listed companies. The close at the IPO price may prompt investors to reassess expectations for SpaceX’s future performance.