According to the latest Reuters report, Trump bought between $15,001 and $50,000 worth of SpaceX shares on July 10 and sold between $1,001 and $15,000 worth on July 17, as disclosed in his September 8 financial filing. These transactions represent part of more than 1,156 trades the president made in July, adding to his extensive portfolio of securities trading. The Office of Government Ethics posted the disclosure showing the latest financial link between Trump and Elon Musk's rocket company. As reported by Reuters, SpaceX went public on June 12 in what was described as the largest IPO on record, with the company being a major Pentagon contractor and NASA launch provider. SpaceX also owns Musk's xAI, which has a Pentagon contract worth up to $200 million, creating potential conflicts of interest given Trump's access to classified information and ability to influence markets through executive actions. SpaceX's share price fell by 15% between July 10 and 17, the period when Trump made these trades, raising questions about timing and market influence. In a statement to Reuters, White House spokesman Davis Ingle said third-party financial institutions independently manage the president's portfolio and replicate "recognised indexes, such as the Schwab 1000."
The latest financial disclosure reveals Trump's most significant tech stock transactions to date, with the largest transactions on July 20 when Trump sold between $5 million and $25 million each of Microsoft and Amazon shares. According to CNBC analysis, these transactions were part of a broader portfolio reshuffling worth between $79 million and $270 million in total. The filing shows Trump also sold between $1 million and $5 million of Oracle and bought between $500,001 and $1 million of Nvidia on the same day. Three days later, he reported buying between $100,001 and $250,000 of Microsoft and between $1,001 and $15,000 of Amazon. Trump also continued trading Tesla shares, selling between $131,004 and $365,000 across four transactions after buying between $100,001 and $250,000 on June 15 and June 16, then purchasing another $100,001 to $250,000 on July 27. On Tuesday, Microsoft share price ended 0.72% lower at $498 and Amazon closed 1.34% lower at $254.98 per share, while SpaceX stock price finished 1.89% higher at $154.72 per share.
According to a Bloomberg review of financial disclosures, Trump or his money managers made nearly 28,700 trades during the 17 months from his second inauguration through the end of June 2026. This volume exceeds the combined trading activity of all members of Congress, who reported roughly 22,200 transactions over the same period. The sharp increase in presidential trading has renewed concerns about possible conflicts of interest, particularly given Trump's access to classified information and ability to influence markets through executive actions. Popular Information reports that since 2025, Trump has made almost 28,700 trades of securities with a total value of $898 million to $2.87 billion, with almost all trades disclosed late and Trump paying multiple $200 fines. The latest disclosure shows this trend continues, with 1,156 transactions worth between $79 million and $270 million in July alone, compared to 1,051 transactions worth $78.1 million to $263.1 million in June. His 2025 annual financial disclosure showed more than 21,000 securities trades across eight accounts holding at least $858 million, compared with only 86 stock transactions disclosed during his first year in office in 2017.
MAGA Inc. through No Going Back has launched an aggressive campaign targeting congressional stock trading, spending over $1.2 million in just five days airing ads in Florida's 25th District attacking Congressman Jared Moskowitz. The campaign extends to other members, targeting Congressman Vicente Gonzalez with $130,000 in ad spending and Congressman Thomas Suozzi with over $1.1 million in attacks. The ads claim that members of Congress have influence on stock prices and should not profit from insider information, while failing to disclose that the same laws apply to Trump. As reported by Popular Information, Trump has amassed an unprecedented war chest of $400 million through MAGA Inc. super PAC to influence the 2026 midterms, with Trump stating he controls the money and will spend whatever necessary to help Congressmen and Senators. The MAGA Inc. campaign has received almost no media scrutiny despite its brazen claims against congressional trading while ignoring Trump's own extensive trading record.
Congressional stock trading records reveal significant variations in activity levels. Popular Information reports that Moskowitz has made 580 stock trades from 2023 to the present, with a total transaction value of $1.18 million to $10.1 million, including two late filings in August 2024 involving 94 trades that resulted in a $200 fine. Gonzalez has made just 13 transactions worth $646,000 to $1.57 million since 2018, while Suozzi has engaged in 669 transactions worth $9 million to $28 million since 2017. The current enforcement system requires members to disclose transactions within 45 days, with penalties beginning at only $200. As noted by Popular Information, Trump's conduct - at a much larger scale - involves the same violations that MAGA Inc. is attacking in congressional candidates. In a statement to Reuters, White House spokesman Davis Ingle said third-party financial institutions independently manage the president's portfolio and replicate "recognised indexes, such as the Schwab 1000."
Trump has endorsed the House legislation that would restrict members of Congress from trading stocks, urging Congress to approve the measure "without delay" so that lawmakers "cannot corruptly profit from using insider information." An Economist/YouGov poll conducted in May found that three-quarters of US citizens believed members of Congress and other elected officials should not be permitted to trade stocks, with a slightly smaller share supporting a complete ban. Republicans are seeking to turn opposition to congressional stock trading into a campaign issue ahead of this fall's midterm elections. However, as reported by Popular Information, Suozzi voted against the stock trading ban because it was attached to Trump's unrelated voting restrictions, though he publicly supports a bipartisan bill that would ban members of Congress from owning stocks. The stock-trading prohibition approved by House Republicans in July applies only to members of Congress, their spouses and dependent children, leaving Trump outside its scope.
According to The Times of India, Kedric Payne of the Campaign Legal Center noted that even if elected officials aren't trading on non-public information, they still create the appearance of a conflict of interest because they can influence stock values through official duties. The stock-trading prohibition approved by House Republicans in July applies only to members of Congress, their spouses and dependent children, leaving Trump outside its scope. This leaves Trump able to continue trading securities despite having access to a broad range of US intelligence and the ability to affect entire sectors through executive orders. As reported by Popular Information, Trump has amassed an unprecedented war chest of $400 million that can be spent to influence the 2026 midterms, with Trump stating he controls the money and will spend whatever necessary to help Congressmen and Senators. The MAGA Inc. campaign has received almost no media scrutiny despite its brazen claims against congressional trading while ignoring Trump's own extensive trading record.
