Three members of the U.S. House of Representatives purchased SpaceX (NASDAQ: SPCX) shares within days of the company’s record-breaking initial public offering (IPO).
The trades occurred as the stock surged following its market debut, drawing interest because of the lawmakers’ committee assignments and SpaceX’s extensive business ties with the federal government.
Notably, SpaceX completed the largest IPO in history on June 12, 2026, pricing shares at $135 and raising about $75 billion. The stock surged to close near $192.50 on June 15 and briefly climbed as high as $225 in the following days.
Now the Congress trade disclosures show that Rep. Daniel Meuser reported a dependent child’s purchase of between $15,001 and $50,000 in SpaceX stock on June 15 at an average price of $192.50.
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On the same day, Rep. John McGuire bought between $1,001 and $15,000 worth of shares at the same price.
Three days later, Rep. Gilbert Ray Cisneros Jr. purchased between $1,001 and $15,000 worth of SpaceX stock at an average price of $185.
The purchases came just days after SpaceX’s historic IPO, when strong investor demand pushed the stock well above its $135 offering price.
SpaceX stock trades source of interest
The trades are of interest because all three lawmakers serve on committees with oversight of areas relevant to SpaceX.
For instance, Meuser sits on the House Financial Services Committee, while McGuire and Cisneros are linked to the House Armed Services Committee.
SpaceX is a major U.S. government contractor through its launch business and Starlink satellite network, both of which have growing defense and national security applications.
While the STOCK Act permits lawmakers to own and trade individual stocks if transactions are disclosed, critics argue that investments in companies affected by federal policy can create potential conflicts of interest.
The purchases were made near SpaceX’s early post-IPO highs. Since then, the stock has been volatile as investors reassess its valuation, growth outlook, and upcoming insider share unlocks. By press time, SPCX was valued at $145.
SpaceX’s market debut pushed its valuation into about $2 trillion, making it one of the world’s most valuable public companies.
However, analysts have cautioned that sustaining those levels will depend on continued growth in launches, Starlink, and future space ventures.
