Trump Officials Hold Millions in xAI Equity Pre-IPO
TL;DR. Former Trump administration officials hold millions in SpaceX and xAI equity, revealed ahead of SpaceX’s anticipated IPO. - Officials reported stakes ranging from $9.9 million to $43.8 million in the two Elon Musk companies. - One former SpaceX engineer joined the Interior Department with an ethics waiver, avoiding divestment. - xAI is Musk's artificial intelligence company that was acquired by SpaceX earlier this year.
- Trump administration officials disclosed holding significant stakes in SpaceX and xAI.
- Total holdings reported by officials ranged from $9.9 million to $43.8 million.
- SpaceX's IPO is expected to be a record-setting event.
- Paul McInerny, a former SpaceX engineer, joined the Interior Department with an ethics waiver instead of divesting.
- Other officials like Steve Witkoff and Kelly Loeffler also held xAI investments.