Six US House members or their families bought SpaceX shares within six days of IPO

Published Jul 28, 10:30 AM UTC

At least six U.S. House members or their immediate families purchased between roughly $83,000 and $245,000 in SpaceX shares within six days of the company's June 12 IPO, according to CNBC analysis of financial disclosures. Five of the lawmakers serve on committees overseeing defense, satellite communications, AI, federal contracting, or securities markets—areas directly tied to SpaceX's business. The trades, which include purchases by Reps. William Timmons, John McGuire, Dan Meuser, Gil Cisneros, Jared Moskowitz, and John James, are legal and there is no evidence of insider trading. However, ethics experts and some members of Congress argue the holdings create the appearance of conflicts between lawmakers' official duties and personal financial interests. The report highlights ongoing concerns about congressional stock trading, especially as other high-profile IPOs like OpenAI and Anthropic approach.