Trump’s Latest Trades Include Stakes in Meta and SpaceX Debt

President Donald Trump acquired at least seven-figure stakes in Meta Platforms Inc., McDonald’s Corp. and Microsoft Corp. and at least $1 million in SpaceX debt in August, continuing his unprecedented trading activity while in office.

Trump or his financial managers have made thousands of transactions each quarter totaling tens of millions of dollars and involving major companies that have dealings with his administration. His latest disclosure, published Thursday by the US Office of Government Ethics, lists 517 transactions completed in August.

The largest was a purchase of Meta stock worth at least $5 million and as much as $25 million, according to the 18-page disclosure. Officials report the value of their transactions within broad ranges. Trump also traded shares of chipmakers Nvidia Corp. and Advanced Micro Devices Inc., both key players in the AI race. Trump’s administration is a booster of the AI sector, which has figured prominently in midterm election campaigns as candidates spar over data centers and safety policies.

Other equities in which Trump acquired shares worth at least $1 million include Comcast Corp., Netflix Inc., Abbott Labs, Conoco Philips and Chevron Corp.

The disclosure shows purchases and sales of municipal bonds along with the tranche of Space Exploration Technologies Corp. debt bought on Aug. 18. Those notes don’t mature until July 2031. Trump also bought shares in Musk’s Tesla worth at least $51,000.

Unlike his predecessors, Trump didn’t divest or move his assets into a blind trust with an independent overseer. He’s also the only president this century who’s had active trading accounts buying and selling stocks while in office. At the same time, the president has backed legislation calling on a ban of Congressional stock trading.

Read More: Trump Has Out-Traded All of Congress With 29,000 Transactions

His sprawling business empire is managed by two of his sons and operates in several areas that intersect with presidential policy. The president’s stock and bond investments are independently managed by third-party financial institutions who have control over all investment decisions, according to the Trump Organization. Trades are executed through automated processes, the organization has said, and Trump, his family members and his company play no role in making transactions.