Today SpaceX went public, and there is a noteworthy background: the Trump family has indirect holdings in it. The chain was pieced together through public reports: in November 2024, a few days after Donald Trump's victory, Donald Trump Jr. joined a venture capital firm called 1789 Capital as a partner. According to Bloomberg, in March 2025, this fund invested $50 million in SpaceX and xAI; Reuters later confirmed that it also invested in Neuralink, a joint venture of three companies under Musk. This fund had a size of approximately $150 million before the election and has now surpassed $1 billion. What's so wonderful about the timing? Private equity was originally locked, but as soon as the IPO bell rang today, this investment changed from a "paper share" to a publicly available stock that can be priced and exited at any time. From equity investment to liquidity implementation, it took one and a half years. Even better, according to Bloomberg, at least 10 Trump administration officials (including several foreign ambassadors) also disclosed their holdings in SpaceX or xAI before the IPO. There is also its shadow in the cryptocurrency circle: in 1789, he also invested in Polymarket, and Donald Trump Jr. joined the advisory committee. Reuters' wording is restrained: the Trump administration's deregulation actions have indeed benefited at least three holding companies in 1789, but "it cannot be confirmed that there is a connection between investments and these outcomes. On the other hand, Trump denies any conflicts of interest, stating that he has "never served in the government and has no decision-making power". The fact is here, everyone should judge the correlation themselves.