Lawmakers Snap Up SpaceX Stock Days After $2 Trillion IPO

Rep. Gil Cisneros (D-Calif.) bought SpaceX stock worth $1,001 to $15,000 on June 18, three days after one of Rep. Dan Meuser's (R-Pa.) three children purchased shares valued at $15,001 to $50,000.

Both investments were reported in financial disclosure statements mandated by the STOCK Act of 2012, which requires public disclosure of certain securities transactions by members of Congress and their immediate families. STOCK is an acronym for Stop Trading on Congressional Knowledge.

It's legal for members of Congress and immediate family members to buy and sell stock in individual companies as long as they do not trade on confidential information gleaned from their work and disclose those transactions within 45 days.