[Trump Reportedly Purchased $15,001 to $50,000 in SpaceX Stock After IPO, Currently Down About 13%] BlockBeats News, August 25: According to financial disclosure documents from Trump, his portfolio manager purchased $15,001 to $50,000 worth of SpaceX stock shortly after its IPO on June 23. The documents indicate that this transaction was one of over 1,000 trades conducted in Trump's portfolio during June. White House spokesperson Davis Ingle responded, stating that the third-party institution managing Trump's portfolio primarily replicates 'well-known indices,' including the Schwab 1000, and that neither Trump nor his family can direct, influence, or participate in the portfolio's trading decisions. The disclosure documents show that the purchase price of the stock was approximately $156.11 per share, while SpaceX closed at $135 on Monday, matching its IPO price, meaning the investment is currently down about 13.5%. Since SpaceX is a U.S. government contractor and Trump recently called for an increase in the number of U.S. commercial space launches, Democratic lawmakers have raised concerns about the transaction and Trump's investment management arrangements. Senator Elizabeth Warren and Representative Robert Garcia previously sent a letter to Trump requesting disclosure of the third-party institution managing his investments and the basis for its trading decisions, questioning whether the extensive stock trading during his tenure might pose potential conflicts of interest with his government duties. [Original Link]