President 
Donald Trump bought between $15,001 and $50,000 worth of shares in 
Elon Musk's SpaceX on July 10 and sold between $1,001 and $15,000 worth on July 17, a public financial disclosure shows. The trades are the president's latest transactions involving a government contractor run by his former adviser, CNA reported.
What does the disclosure show? The form, which Trump signed on September 8, was posted on Tuesday by the Office of Government Ethics, the team responsible for collecting ethics disclosures from US officials. The SpaceX purchase and sale were among more than 1,000 trades the president made in July. The precise amount of the investment could not immediately be determined because federal officials use ranges to declare the value of their assets on disclosure forms.
How did SpaceX shares move? SpaceX priced the biggest-ever US IPO on June 12, valuing the space, satellite and AI provider at $1.77 trillion. Its share price fell 15 per cent between July 10 and July 17, the period in which Trump made the trades. The president had also bought SpaceX shares in June, Reuters previously reported.
What did the White House say? White House spokesman Davis Ingle, in an earlier statement to Reuters, said third-party financial institutions independently manage the president's portfolio and replicate "recognized indexes, such as the Schwab 1000." A spokesperson for Trump did not immediately respond to a request for comment about the July trades.
What business does SpaceX do with the government? SpaceX is a US military contractor and often seeks approvals from federal agencies. 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, CNA reported.
Figures referenced: Donald Trump, Elon Musk. — JudgeMarket.
