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2026-08-24T19:20:30.671Z

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Aramco inks deals with French firms worth over 3.7B

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Trump puts fifty thousand in SpaceX

Trump puts fifty thousand in SpaceX

The article explains that U.S. President Donald Trump invested up to $50,000 in Elon Musk's SpaceX in June, according to an official financial disclosure. The investment includes the purchase of shares valued between $15,001 and $50,000, as part of over a thousand transactions Trump conducted during that month. This investment links Trump to the aerospace company that contracts with the U.S. government, especially given the current administration's push to expand commercial space launches, with SpaceX being one of the dominant companies in the sector. It is noted that the actual value of the investment is not precisely determined, as ranges are used to estimate its worth, and it is confirmed that Trump and his family do not control investment decisions. This comes after the company issued shares in its first Initial Public Offering (IPO), breaking records, and it reflects financial communication between Trump and an influential space company in both the U.S. and global markets.

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