SpaceX's IPO Could Make Some Trump Administration Officials Even Richer

SpaceX's IPO could increase wealth of 10 Trump administration officials who hold $9.9 million to $43.8 million in SpaceX and xAI shares. Their stakes range from $5 million to $25 million, with Paul McInerny holding one of the largest. The IPO is set for June 12, with shares priced at $135 each, targeting a $1.75 trillion valuation and $75 billion in proceeds. The company's valuation would make it the largest IPO in history if successful.