What Happened
First Known Congressional Trades Surface Amid Ethics Scrutiny
Two members of Congress, Reps. Dan Meuser and Gil Cisneros, have disclosed purchases of SpaceX stock after the company’s historic initial public offering. Meuser’s dependent child bought between $15,001 and $50,000 in stock, while Cisneros purchased between $1,001 and $15,000. The trades are notable due to the lawmakers’ committee assignments, with Meuser on the House Financial Services Committee and Cisneros on the House Armed Services Committee, which oversees the Defense Department, a major SpaceX customer. There is no evidence of insider trading or law violation, according to CNBC.