Trump purchased up to $5 million of SpaceX bonds days before major space order

https://www.cnn.com/2026/10/08/investing/trump-5-million-dollars-spacex-bonds

>Just two days before launching an effort to slash red tape for commercial space transportation, President Donald Trump last month purchased up to $5 million of bonds issued by SpaceX, a major federal contractor run by Elon Musk, according to ethics filings made public on Thursday.

>Beyond SpaceX debt, Trump purchased up to $25 million of Meta shares, up to $6 million of Microsoft stock and a smaller amount of Oracle shares, filings show.

>Those trades occurred weeks before Trump convened Musk, Meta CEO Mark Zuckerberg and other AI leaders for a White House summit. Notably, Trump forcefully pushed back on calls for a regulatory crackdown to address safety fears, opting for a lighter touch instead.

Looks like administration is going to continue to support SPCX for a long time. It seems insane and awful but at the same time, don't bet against this stock seems like.