Trump Officials Held Millions of Dollars of SpaceX Ahead of IPO

SpaceX’s initial public offering will likely make President Donald Trump’s already wealthy administration even richer.

Ten officials ranging from special envoy Steve Witkoff to Small Business Administration head Kelly Loeffler reported financial interests in Elon Musk’s rocket company or in xAI, the artificial intelligence and social media firm it merged with in February, according to their most recent public financial disclosures.

In total, the federal staffers held SpaceX or xAI stock worth at least $9.9 million and as much as $43.8 million, according to the disclosures, which were made last year and list the value of assets in broad ...