Rep. McClain's Family xAI Investment Poised to Gain $150K from SpaceX IPO on June 12

XAI1.66%
According to CNBC, Rep. Lisa McClain's (R-MI) husband purchased between $100,001 and $250,000 in xAI shares on December 15, before the artificial intelligence company was folded into SpaceX. SpaceX opened its IPO on June 12 at $150 per share, raising approximately $75 billion. Based on SpaceX's market capitalization, the xAI stake could show a paper gain of as much as $150,000, nearly equivalent to McClain's annual $174,000 congressional salary.
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