Six U.S. Congressmen either invested in the SpaceX (NASDAQ: SPCX) initial public offering (IPO) or purchased SPCX shares less than a week later and are yet to sell – or disclose selling – any of their stake.
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To begin with, Republican John James of Michigan and Democrat Jared Moskowitz of Florida invested in Elon Musk’s newer public company on June 12, with the former buying up to $50,000 and the latter up to $15,000 worth of the equity.
While it is not known at what point during the session the two made the trades, SPCX stock ended the session at $160.95.
Considering that SpaceX shares were, at press time on the morning of October 14, trading at $153.47, both politicians saw their positions drop 4.65%, with James losing up to $2,325 and Moskowitz up to $697.50.
These three politicians are down PERCENTAGE on their early SPCX stock bets
Additionally, three other politicians disclosed trading SPCX equity three days after the IPO – on June 15.
John McGuire, a Republican representing Virginia, bought up to $15,000, Daniel Meuser, a Republican representing Pennsylvania, purchased up to $50,000, and William Timmons, a Republican representing South Carolina, invested up to $100,000 in Elon Musk’s company.
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Considering that SpaceX stock closed at $192.50 on Monday, June 15, the trio saw their stakes drop by 20.28%. McGuire is down up to $3,042, Meuser up to $10,140, and Timmons up to $20,280.
Democrat from California suffers PERCENTAGE drop on his SpaceX stock trade
Finally, Representative Gil Cisneros, a Democrat serving as the U.S. representative for California’s 31st congressional district, invested up to $15,000 in SPCX shares on June 18.
His trade was the first among American congressmen to arrive after the initial SpaceX rally was over, though it was still executed on a day that featured a comparatively high closing price of $185.
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Stay up-to-date on the trading activity of US Congress members. The signal triggers based on updates from the House disclosure reports, notifying you of their latest stock transactions.
Thus, Cisneros suffered an approximately 17.04% drop by press time on October 14 and, assuming he invested the full $15,000, he is $2,556 poorer due to his SPCX stock bet.
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