Trump trust buys Axon stock before ICE Taser contract bid

A financial trust managing assets for President Donald Trump purchased stock in the company Axon Enterprise, a major manufacturer of Tasers, in early February, according to a federal disclosure filed in May. Two weeks later, U.S. Immigration and Customs Enforcement announced a solicitation for a contract worth up to $220 million to purchase thousands of new Tasers, a deal likely to be awarded to Axon given its market dominance.

The stock purchase, valued between $1 million and $5 million, was detailed in the president’s periodic financial disclosure to the U.S. Office of Government Ethics. The filing, spanning 113 pages and cataloging over 3,700 transactions from the first quarter of 2026, also included investments in companies such as Nvidia, Boeing, Dell, Uber, and Costco. Following the ICE announcement in late February, Axon’s share price increased by more than 34 percent in the subsequent week, according to a market analysis.

White House spokesperson Anna Kelly stated there is no conflict of interest, emphasizing that the president’s business interests are held in a trust managed by independent third parties. She said President Trump has no role in selecting or directing...