Post by Augustine Chiagozie (@pabloexchange)

🚀 U.S. lawmakers start buying SpaceX shares after its IPO

Just days after SpaceX's $2 trillion IPO, members of Congress and their families began buying the stock.

Rep. Gil Cisneros purchased between $1,001 and $15,000 of SpaceX shares on June 18.

Three days earlier, a child of Rep. Dan Meuser bought $15,001 to $50,000 worth of shares.

Both transactions were disclosed under the STOCK Act.
⠀
The purchases have drawn attention because both lawmakers serve on committees that oversee areas important to SpaceX. Cisneros sits on the House Armed Services Committee, while Meuser chairs a subcommittee of the House Financial Services Committee.
⠀
In 2025, SpaceX generated $3.6 billion from U.S. government contracts, about 20% of its $18.7 billion in revenue.
⠀
Ethics experts expect these disclosures may be just the beginning, with more congressional purchases likely to appear in the coming weeks.

0 likes · 0 comments · 0 shares