SpaceX IPO Might Boost Officials' Wealth
Financial disclosure documents reveal that more than ten officials from the Trump administration own stakes in SpaceX or the AI company xAI, with some valued between $9.9 million and $43.8 million. These holdings come as SpaceX approaches raising up to $75 billion in what could be the largest IPO in history, potentially valuing the company at $1.8 trillion and making its founder, Elon Musk, the world's first trillionaire. The company maintains close ties with the U.S. government, with its contracts totaling $4 billion in 2025 alone, along with additional contracts worth $6.5 billion. Some officials, such as Paul Manafort and Steve Witekov, hold stakes ranging from $1 million to $25 million, with legal and ethical guidelines in place regarding disclosure, and concerns over conflicts of interest due to some officials' ties to the company.
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