Financial disclosures revealed the first Congressional purchases of SpaceX (SPCX) stock following its June 12 initial public offering. A dependent of Rep. Dan Meuser (R-PA) bought between $15,000 and $50,000 in stock on June 15. Rep. Gil Cisneros (D-CA) purchased between $1,001 and $15,000 in shares on June 18.
Both representatives serve on committees with direct oversight of SpaceX operations. Rep. Meuser sits on the House Financial Services Committee, which regulates securities markets. Rep. Cisneros serves on the House Armed Services Committee, which oversees the Department of Defense.
The Department of Defense remains a major SpaceX client for federal contracts. These bipartisan trades highlight the intersection of lawmaker investments and government-contracted firms. No evidence of wrongdoing currently exists regarding these transactions.