President Donald Trump bought up to $50,000 worth of SpaceX shares on June 23, two weeks after the company's blockbuster initial public offering (IPO), according to financial disclosure reports. At that time, shares had dipped from their peak price of over $200 to around mid-$150s. By Monday’s closing, they were trading at $135.

Despite a recent falling out with Tesla and SpaceX boss Elon Musk — which saw the businessman accuse Trump of withholding Department of Justice files on Jeffrey Epstein — it seems the two have mended fences. The company has been reaping government contracts under the current administration's deregulatory policies, according to a recent analysis by the Wall Street Journal.

White House spokesman Davis Ingle stated that Trump’s portfolio is managed by third-party financial institutions and replicates recognized indexes such as Schwab 1000. SpaceX has lobbied for quicker index inclusion rules, which means many might own some of its shares without realizing it.

This move could signal a broader trend where tech firms benefit from government contracts or regulatory changes brought about by certain administrations. Trump’s investment is just one data point in that potential trajectory.