TechCrunch quoted Reuters as saying that Trump had bought shares in the company two weeks after SpaceX had completed its first large-scale open collection. This information has once again pushed the relationship between Tripp, Mask and SpaceX into the market view, and has raised concerns about the relationship between the Presidential investment arrangements and the Government contractor.
The White House claims to be run by a third party.
The White House spokesman, Davis Ingle, said to Reuters that Trump's equity portfolio was managed by a third-party financial institution and was configured in a way that reproduced well-known indicators such as “Schwab 1000”. According to this statement, the relevant holdout was not individually selected by Trump, but was created by indexation.
This also means that if SpaceX is listed and included in the index, investors holding these index products may automatically and indirectly hold shares in the company. The report mentions that this applies not only to presidential accounts but also to a large number of ordinary investors.
SpaceX for faster integration index
It was reported that SpaceX had lobbied before IPO to incorporate the hot index adjustment into the rules so that companies could enter the index system more quickly when they were listed. If the rules are relaxed, funds and accounts that track these indices usually buy the relevant shares in the subsequent configuration.
In terms of market impact, index inclusion tends to lead to a passive inflow of funds and to an increase in the institutional holdings of equities. For large companies that have just completed their listing, this usually helps to increase liquidity and market interest.
Government contract background concerns
It was also mentioned that SpaceX had continued to receive more government contracts in recent years. According to prior analysis by the Wall Street Journal, the laxity of the Trump Government has also placed the company in a relatively advantageous position.
Trump was close to Mask, but there was a brief public friction between the two sides last summer. Nevertheless, as SpaceX ' s position in the capital market and federally contracted operations increases, the holding of its shares by Trump may continue to trigger outside discussions about its stakes and political implications.