Katie Miller held a large stake in Elon Musk’s AI company as she bashed its rivals online: report

Por Josh Marcus — – World RSS Feed

Miller defended her stake and said she was not being paid to digitally promote Musk’s company, which has skyrocketed in value in recent months

Josh Marcus in San Francisco Thursday 10 September 2026 21:56 BST

Bookmark
Comments Go to comments

Bookmark popover

Removed from bookmarks

Close popover

Stephen Miller’s wife Katie launches podcast because ‘there was no space for conservative women to gather online’

Your support helps us to tell the story

Read more Support Now

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference. Read more

Trump administration official-turned-podcaster Katie Miller reportedly held a lucrative stake in Elon Musk’s artificial intelligence company and criticized rival firms online without telling her followers she owned stock, potentially violating ethics rules.

Miller, who is married to White House deputy chief of staff and homeland security adviser Stephen Miller, holds a stake worth upwards of $500,000, according to financial disclosures released by the White House last week that were analyzed by The Washington Post.

She purchased the shares in xAI in December, according to the disclosures, after Miller left the Trump administration, where she worked with Elon Musk on the White House’s DOGE cost-cutting program. She briefly worked with the tech executive in the private sector after his split with the president, and she reportedly continues to consult with xAI.

The Independent has contacted Miller for comment.

Miller, who now hosts The Katie Miller Podcast, defended her ownership of xAI shares and said there was nothing wrong with her hundreds of posts criticizing other AI companies.

Katie Miller, wife of White House deputy chief of staff Stephen Miller, reportedly holds a major stake in Elon Musk’s xAI, a fact she only disclosed recently ( Getty )

“I’m not getting paid to post, I do it for the love of the game,” she told the paper, adding, “I’ve done what every other person in the world does, which is I own a stock in a company.”

Despite concerns from ethics experts that Miller was promoting a company without fully disclosing her personal interests to the public, Federal Trade Commission Chairman Andrew Ferguson defended Miller.

“Nothing alleged in here violates any law the FTC enforces,” he wrote on X. “But law and facts don’t matter to the partisan Democrats who will stop at nothing to attack your family. They hate you and they think it’s funny.”

Miller’s original stake in xAI has likely skyrocketed in value in recent months.

In February, xAI became a part of Musk’s rocket and satellite company SpaceX, in a deal valuing the AI company component alone at $250 billion.

Miller worked alongside Musk on the Trump administration’s DOGE program and later worked with the tech executive in the private sector before launching a podcast ( Getty )

In June, the combined company went public in a much-watched IPO, which temporarily made Musk the world’s first trillionaire.

The Miller family previously faced criticism for holding stock in Palantir, a tech company and major government contractor to federal immigration agencies, which are partially overseen by Stephen Miller.

The Millers later sold the shares, according to ethics disclosures released in December.