This GOP Congresswoman's Family Bought xAI Shares— Now They Could Be Sitting On A Six-Figure SpaceX Gain

The family of a senior House Republican could be sitting on a sizable paper gain after an investment in Elon Musk’s artificial intelligence startup xAI became tied to SpaceX (NASDAQ:SPCX) ahead of the company’s historic public debut.

McClain Family’s xAI Bet Tied To SpaceX IPO Windfall

Rep. Lisa McClain (R-Mich.) disclosed in January that her husband purchased between $100,001 and $250,000 worth of xAI shares in December.

The investment became linked to SpaceX after Musk folded xAI into the aerospace company in February.

Following SpaceX’s record-setting public debut, which pushed the company’s valuation above $2 trillion, market estimates suggest the McClain family’s stake could now show a paper gain of as much as $150,000, CNBC reported on Friday.