McClain Family's xAI Stake Eyes $150,000 Gain as SpaceX IPO Lifts Valuation Above $2 Trillion
Updated
Updated · CNBC · Jun 12
McClain Family's xAI Stake Eyes $150,000 Gain as SpaceX IPO Lifts Valuation Above $2 Trillion
1 articles · Updated · CNBC · Jun 12
Summary
$100,001 to $250,000 of xAI bought by Rep. Lisa McClain's husband in December could now be worth up to $150,000 more after SpaceX's IPO, according to market-tracking estimates.
That stake became tied to SpaceX in February when Elon Musk folded xAI into the rocket company, whose debut opened at $150 a share, raised about $75 billion and pushed its market value past $2 trillion.
The trade is drawing scrutiny because it came days before the Pentagon announced plans to integrate xAI's Grok into GenAI.mil and later expand its use, including on classified Defense Department networks.
McClain has said she and her husband had no insider information, and the report found no evidence she knew of Pentagon plans, influenced them or traded on nonpublic information; she also holds no defense or technology oversight post.
The episode lands as Musk's businesses deepen their Republican ties: SpaceX's PAC sent 89% of its $1.4 million in donations to Republicans from January 2025 through March 2026, up from 62% in the 2024 cycle.