Six House Members Buy $83K-$245K in SpaceX Stock Within Six Days of IPO

According to CNBC's review of House financial disclosures, within six days of SpaceX's June 12 initial public offering, at least six House members or their immediate families purchased between $83,000 and $245,000 in company stock. Rep. William Timmons purchased up to $100,000; four other lawmakers or their spouses and children invested smaller amounts.

Five of the six members serve on committees overseeing aspects of SpaceX's business, including defense, satellite communications, and artificial intelligence. Ethics experts say the holdings create a potential conflict of interest, as SpaceX relies heavily on federal contracts and approvals. There is no evidence the lawmakers traded on nonpublic information or violated congressional rules; individual stock ownership by lawmakers is legal provided they disclose purchases.