Trump officials hold $10M in SpaceX and xAI before IPO
- Source
- Bloomberg
- Time
- 12:47 PM
- Weight
- 94/100
Several high-ranking officials in the Trump administration are poised to see significant increases in their personal wealth following the upcoming initial public offering of SpaceX. Financial disclosures reveal that ten officials, including Small Business Administration head Kelly Loeffler and special envoy Steve Witkoff, hold substantial financial interests in the aerospace company or xAI, the artificial intelligence firm that merged with SpaceX in February 2026.
The disclosures highlight the extensive financial ties between the executive branch and Elon Musk’s business ventures. As SpaceX prepares for its public market debut, the value of these private holdings is expected to grow, further enriching an administration already noted for its collective high net worth.