Trump Bought Up to $25 Million in Meta Stock, Added $5 Million SpaceX Debt
Updated
Updated · CNBC · Oct 8
Trump Bought Up to $25 Million in Meta Stock, Added $5 Million SpaceX Debt
3 articles · Updated · CNBC · Oct 8
Summary
$74.3 million to $273.3 million in August trades were disclosed by Trump, led by an Aug. 21 purchase of $5 million to $25 million in Meta shares and an Aug. 18 buy of $1 million to $5 million in SpaceX debt.
517 purchases and sales appeared in the filing, with at least $44.2 million in buys and $30.1 million in sales, showing trading stayed heavy even after topping 1,000 transactions in each of June and July.
SpaceX's notes carry a 5.35% rate and mature in 2031; the purchase came two days before Trump signed a space policy targeting more than 1,000 U.S. launches and reentries annually by 2030.
The White House said Trump does not direct the trades, describing the accounts as independently managed through discretionary and computer-based models, even as recent presidents have typically used blind trusts or broad funds.
The filing adds to scrutiny of Trump's second-term investing: his 2025 annual disclosure showed more than 21,000 securities trades across eight accounts holding at least $858 million.
Why did an independently managed portfolio aggressively buy aerospace debt just days before a major national space infrastructure expansion?
How do algorithmic trading models in discretionary accounts coincidentally time massive corporate investments with the signing of major national policies?