McClain Family Holds xAI Stake Worth $150,000

Rep. Lisa McClain's husband purchased between $100,001 and $250,000 of xAI stock on December 15, according to a January 7 congressional financial filing. The investment converted to SpaceX shares in February when Elon Musk folded xAI into the rocket company.

SpaceX opened its IPO at $150 per share, raising approximately $75 billion and pushing the company's market capitalization above $2 trillion. Market-tracking estimates based on SpaceX's capitalization on Friday indicate the McClain family's converted stake could show a paper gain of as much as $150,000. , serves as the No.

4 House Republican and chairwoman of the House Republican Conference. Her congressional salary is $174,000 per year. CNBC found no other similarly clear direct congressional stake in SpaceX or expected tech initial public offerings from companies such as OpenAI and Anthropic.

Mil, a Pentagon platform for military personnel. In January, Defense Secretary Pete Hegseth announced a broader expansion of Grok's role inside the Pentagon, including access to classified Defense Department networks. McClain does not serve on any congressional committees with oversight over defense or technology.

There is no evidence that McClain knew about the Pentagon's xAI plans before the purchase, that she was involved in those decisions, or that she or her husband traded on nonpublic information. "I can 100% assure you that we didn't have the insider information.

Because if it was, we wouldn't have bought 100,000 shares, we would've bought a heck of a lot more," McClain said in a January NewsNation interview.

4 million in contributions to Republicans and 5% to Democrats, according to a CNBC analysis of Federal Election Commission records and OpenSecrets. In the 2024 election cycle, the same PAC sent 62% of its contributions to Republicans and 37% to Democrats.