Trump and Musk are close, despite a brief falling out last summer that involved the businessman accusing the president of withholding theDepartment of Justice’s fileson Jeffrey Epstein because of how often Trump’s name appears in them. SpaceX has been hoovering up anincreasing amount of government contractsand benefiting from the Trump administration’s deregulatory stance, according to a recent Wall Street Journal analysis.
White House spokesman Davis Ingle told Reuters that the president’s stock portfolio is managed by third-party financial institutions and replicate “recognized indexes, such as the Schwab 1000.” SpaceX lobbied popular indexes to change their rules to allow for faster inclusionahead of its IPO, which means many people likely own some of the company’s stockeven if they don’t know it.
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