Several Trump administration officials held millions in SpaceX and xAI equity ahead of the company’s planned massive IPO.

SpaceX has reserved up to 5% of its upcoming IPO shares for employees and friends of executives, with strict lock-in rules covering most stock including Elon Musks holdings. The…

The group’s assets are estimated at around $20 billion.

SpaceX stands out for the unprecedented size of its planned IPO, and for its close ties to government and members of the administration. The IPO, expected to happen as soon as…