Money

SpaceX Is House Members’ Hot New Stock Pick

A spokesperson for Rep. John James told NOTUS his wife bought the stock because “the James children are excited about space exploration.”

Reps. Gil Cisneros (D-California), John James (R-Michigan) and John McGuire (R-Virginia)

Reps. Gil Cisneros (D-California), John James (R-Michigan) and John McGuire (R-Virginia) have disclosed family purchases of SpaceX stock. Tom Williams/CQ Roll Call via AP, Bill Clark/CQ Roll Call via AP, Julia Demaree Nikhinson

By Samuel Larreal

July 17, 2026 05:05 a.m.

Four members of Congress who sit in committees that directly regulate Elon Musk’s SpaceX now have a family stake in the company’s stock.

Rep. Gil Cisneros (D-California) and family members of Reps. John McGuire (R-Virginia), Dan Meuser (R-Pennsylvania) and John James (R-Michigan) have together purchased up to $130,000 in SpaceX stock since the company’s initial public offering on June 12.

All four lawmakers sit on powerful House committees that could influence SpaceX business operations — two on the House Armed Services Committee, which is charged with drafting a yearly defense authorization bill and has oversight of SpaceX, a major defense contractor.