Market Chatter: Trump Officials Held Millions of Dollars of SpaceX Stock Ahead of IPO

MT Newswires Live06-03

Ten officials in the Trump administration reported financial interests in SpaceX or in xAI worth at least $9.9 million and as much as $43.8 million ahead of the rocket company's initial public offering as soon as next week, Bloomberg reported, citing recent public financial disclosures.

Special envoy Steve Witkoff and Small Business Administration head Kelly Loeffler both held financial interests in SpaceX or xAI, the report said, citing the disclosures.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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