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Reps. Meuser and Cisneros disclose SpaceX stock buys after company’s June IPO

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According to CNBC, Reps. Dan Meuser (R-Pa.) and Gil Cisneros (D-Calif.) disclosed that they or their family members bought SpaceX stock days after the company’s June 12 initial public offering. Meuser reported his dependent child bought between $15,001 and $50,000 of SpaceX shares on June 15, while Cisneros reported a June 18 purchase of between $1,001 and $15,000. SpaceX, Elon Musk’s aerospace and satellite company, went public with a $2 trillion-plus market cap and raised roughly $75 billion; shares opened at $150, closed at $162 on Thursday, and were about 20% below their June 16 closing high of $201.80. Cisneros said he does not personally manage his portfolio and that outside advisors handle trading; CNBC said there is no evidence either lawmaker traded on nonpublic information or violated any law.

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