Trump bought SpaceX shares two weeks after blockbuster IPO
The president purchased shares when the stock traded in the mid-$150s, and SpaceX ended Monday trading back at its IPO price of $135.
MAIN POINTS
- The president bought shares while the stock was in the mid-$150 range.
- SpaceX closed Monday trading at its original IPO price of $135.
- The stock’s decline brought it back to its initial public offering level.
- The purchase price was higher than the company’s Monday closing price.
TAKEAWAYS
- The president’s entry point was above the stock’s current trading level.
- SpaceX’s market value has fallen to its IPO benchmark.
- Timing matters when buying shares during price volatility.
- The comparison highlights a notable drop from mid-$150s to $135.