TechFlow News, June 03: SpaceX’s IPO is likely to make the already well-funded Trump administration even wealthier. According to the officials’ latest publicly filed financial disclosures, ten officials—including Special Envoy Steve Witkoff and Small Business Administration Administrator Kelly Loeffler—reported financial interests in either SpaceX or xAI.
Based on last year’s disclosures, the total value of SpaceX or xAI stock held by U.S. federal employees was at least $9.9 million and as high as $43.8 million. Since then, these officials may sell all or part of their holdings without triggering additional disclosure requirements. (Jinshi)
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