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Bloomberg writes about it, noting that SpaceX going public will probably be a way for “already rich” White House officials to become even richer.
In particular, it is noted that one of the known shareholders of SpaceX was Steve Whitkoff, representing the U.S. administration in various international negotiations, who disclosed assets ranging from $1 million to $5 million in 3G Investors LLC, whose only assets were reportedly tied to Musk’s company.
“The IPO, which is expected to take place as early as next week, is expected to make Musk the world’s first trillionaire,” the publication said, recalling that the company is seeking to raise up to $75 billion in the largest public offering in history.
“This is a truly unique event,” said Caleb Burns, co-chair of the election law and government ethics practice at law firm Wiley Rein, who recalled that this is the IPO of a company “led by a former close associate of the president who has been involved with virtually every administration in the federal government through his work.”
Earlier, Trump’s acquisition of shares in the American division of the Japanese chain of sushi restaurants Kura Sushi for millions of dollars found an unexpected explanation. Journalists and social media users suggested that the head of the United States may have unwittingly invested in sushi, confusing the network with the Japanese technology company Fujikura (which left the Republic of Moldova in 2024), whose activities are more in line with Trump’s area of interest in investments.
