Two members of Congress – Rep. Dan Meuser, R-Pa., and Rep. Gil Cisneros, D-Calif. – Have disclosed that they or their family members have purchased spacex The stock in the days following the company’s historic initial public offering, according to publicly available House financial documents.
Meuser recently revealed that his Dependent child made purchases on June 15 Stock in the company worth between $15,001 and $50,000. According to financial disclosures, it was the first time in several years that Meuser or a member of his family has purchased stock in an individual company.
cisneros Purchases of June 18 disclosed Between $1,001 and $15,000 in SpaceX stock.
Elon Musk’s aerospace and satellite company SpaceX went public on June 12 with a market cap of more than $2 trillion.
A Meuser spokesperson did not immediately respond to a request for comment Friday.
In a statement, Cisneros told CNBC that he does not personally manage his portfolio.
“My wife and I have always employed outside financial advisors who have the fiduciary responsibility to maintain a diversified portfolio. We do not manage the day-to-day business of our investment portfolio, nor have we ever suggested any trades while serving in Congress or the Department of Defense,” said Cisneros, who was appointed by President Joe Biden in 2021 to serve as Under Secretary of Defense for Personnel and Readiness.
“Additionally, while serving in both the executive and legislative branches of government, I have always complied with all rules and regulations regarding stock trading and financial disclosure. I will also continue to advocate for greater ethical oversight regarding the financial portfolios of federally elected and politically appointed officials,” Cisneros’ statement continued.
Members of Congress and their immediate family members are allowed to own and trade individual stocks, as long as they comply with disclosure rules and do not use confidential information obtained through their official positions. There is no evidence that Meuser or Cisneros traded on non-public information or violated any laws.
The Stock Act requires lawmakers to disclose transactions made by themselves, their spouses and dependent children.
Nevertheless, the functions of the members’ committee make the business politically sensitive. sits on mouser House Financial Services Committeewhich has jurisdiction over securities and exchanges, while Cisneros has jurisdiction over House Armed Services CommitteeWhich oversees the Department of Defense, a major customer of SpaceX.
Ethics watchdogs previously told CNBC that the filing is also likely to reflect what will emerge from financial disclosures in the coming weeks. Many expect a number of congressmen on both sides of the aisle to trade in SpaceX’s IPO.
SpaceX went public in June, raising nearly $75 billion in the largest IPO on record. Shares opened at $150 and quickly pushed the company’s market value to more than $2 trillion, turning the listing into a test of public demand around Musk and artificial intelligence.
Musk and his companies have become increasingly important players in Republican politics and federal contracting.
The IPO was the opening shot of what could become a wave of massive public listings by private technology companies, some of which have been at the forefront of policy discussions in Washington, D.C. AI juggernaut Anthropic has confidentially filed for a U.S. IPO, and rival OpenAI followed soon after aiming for a valuation that could reach $1 trillion.
SpaceX shares closed at $162 on Thursday, up about 8% from their opening price of $150, but down about 20% from their closing price of $201.80 on June 16.
SpaceX did not immediately respond to a request for comment.
CNBC previously found that Rep. Lisa McClain, R-Mich., one of the top House GOP leaders, had a family investment to benefit from SpaceX’s public debut, after her husband bought $250,000 in XAI before Musk folded the artificial intelligence company into SpaceX.
There is no evidence that McClain knew of subsequent government actions involving XAI or that he traded on non-public information.
“Chairwoman McClain’s investment is a matter of public record,” Joe Buccino, communications director for the House Republican Conference, told CNBC in a statement in June. “They are designed to conform to all House and applicable laws.”
CNBC hasn’t identified any other members of Congress with a comparatively obvious direct stake in SpaceX or the expected tech IPOs from companies like OpenAI and Anthropic, though private company stakes may be difficult to trace.
Efforts to ban members of Congress from owning or trading individual stocks have been ongoing for years, but have repeatedly failed.
House Republican leaders vowed late last year to introduce a bill to ban members from doing business while in office. A similar Senate proposal passed out of committee in July 2025. Neither house has taken further action on Congress’ trade ban.