Elon Musk or Larry Ellison may purchase TikTok, according to Trump's statement.

• On Tuesday, during a press conference, President Trump indicated that he is receptive to the possibility of Tesla CEO Elon Musk or Oracle Chairman Larry Ellison acquiring TikTok.
• Both Musk and Ellison were significant financial supporters of Trump during his 2024 campaign.
• TikTok, owned by ByteDance, is in a state of uncertainty in the U.S. after Trump signed an executive order on Monday to allow TikTok to continue operating in the U.S. for 75 days.

On Tuesday, President Donald Trump stated that he would entertain the idea of CEO Elon Musk or Chairman Larry Ellison acquiring TikTok.

During a press conference to unveil a joint venture for AI infrastructure, a reporter queried Trump about the possibility of "Elon acquiring TikTok."

""Yes, I would buy it if he wanted to, and I hope Larry does too," Trump replied."

TikTok, owned by ByteDance, is in a state of uncertainty in the U.S. after Trump signed an executive order on Monday to allow TikTok to operate in the U.S. for 75 days. This order aims to suspend a ban that took effect after the Supreme Court upheld the validity of a national security law that would penalize app stores and service providers for hosting TikTok unless ByteDance sold it.

Analysts have valued TikTok's U.S. business at about $50 billion.

On Tuesday, Trump stated that TikTok would be valueless without permission to operate in the US, but could be worth $1 trillion with it.

Musk, CEO of SpaceX and owner of X, was one of Trump's top financial backers in the campaign and is positioned to wield major influence in the administration. Ellison, a longtime Trump supporter, is Oracle's cloud infrastructure provider in the U.S.

""I'm considering telling someone to purchase it and donate half to the United States of America, and we'll grant you the permit," Trump stated."

Trump stated that ByteDance would have the "ideal partner" in the U.S., which would make it "extremely advantageous" for them in terms of permits and other matters.

Trump's stance on TikTok has undergone a significant shift since his initial term. In 2020, he issued an executive order to ban the app. However, a federal court deemed his action "arbitrary and capricious," and put a stop to it. Following his meeting with billionaire Republican donor Jeff Yass, who is a major ByteDance investor and also owns a stake in Truth Social, Trump's social media app, Trump began to express more positive views about TikTok.

On Monday, in Washington, D.C., TikTok CEO Shou Chew was present at Trump's inauguration.

The Chinese government has reportedly considered a plan that would involve Musk acquiring TikTok's operations, but ByteDance has not indicated whether it will sell the app.

Neither Musk nor Oracle or TikTok representatives provided an immediate comment in response to the request.

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