Key Stats for SpaceX Stock
- Price change for SpaceX stock in the last 5 days: 7%
- $SPCX Share Price as of Jul. 2: $162
- 52-Week High: $226
- $SPCX Stock Price Target: $188
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What Happened?
Two members of Congress have disclosed buying SpaceX (SPCX) stock in the days right after the company’s IPO.
Rep. Dan Meuser, a Pennsylvania Republican, reported that his dependent child bought between $15,001 and $50,000 worth of shares on June 15. It was the first time in years that Meuser or his family had bought an individual stock.
Rep. Gil Cisneros, a California Democrat, disclosed a smaller purchase, between $1,001 and $15,000, made on June 18.
Both purchases are legal under the STOCK Act, which lets lawmakers and their families trade individual stocks as long as they disclose the trades and don’t use inside information.
There’s no evidence either lawmaker did anything improper. Still, the timing raises eyebrows. Meuser sits on the House Financial Services Committee, which oversees securities markets, while
Cisneros sits on the Armed Services Committee, which oversees the Pentagon, a major SpaceX customer. Cisneros pushed back on any suggestion of wrongdoing, saying he doesn’t personally manage his portfolio and that outside advisors handle all trading decisions. He also said he supports stronger ethics oversight for federal officials’ investments.
These two disclosures may just be the start.
Ethics watchdogs expect more lawmakers from both parties to reveal SpaceX stock purchases as more financial filings come in over the coming weeks.
Separately, CNBC has reported that Rep. Lisa McClain’s husband bought up to $250,000 in xAI before it was folded into SpaceX, though there’s no evidence she had advance knowledge of that move.
SpaceX stock itself has been a wild ride since its June 12 debut. Shares opened at $150 and quickly pushed the company’s value past $2 trillion.
- Short interest jumped from 83 million shares to 196 million shares in just a week, now covering about 31% of all tradable shares.
- That’s an unusually high level of bearish betting for a stock that’s been public less than a month.
- Those short sellers have had a rough ride too.
- When SpaceX stock dropped to around $153, they were sitting on roughly $2.5 billion in paper gains.
- But the stock’s rebound wiped that out, leaving shorts with about $760 million in paper losses instead.
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What the Market Is Telling Us About SpaceX Stock
The mix of political buying and heavy short interest shows just how much attention SpaceX stock is getting from every direction.
Lawmakers jumping in early suggests confidence in the company’s long-term story, even with committee ties that make the trades look sensitive.
Meanwhile, the swings between short-seller losses and gains show that SpaceX stock remains volatile and unpredictable so soon after going public.
With more disclosures likely on the way, this story is probably far from over.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
