The trading activity of members of Congress continues to be closely followed by retail traders, especially when stocks related to committee assignments are traded.
• SpaceX stock is showing downward pressure. What’s ahead for SPCX stock?
Congressman Buys SpaceX Stock
Congressman Gil Cisneros (D-Calif.) is no stranger to buying up stocks, with thousands of trades made over the past two years. A recent disclosure, reported by the Benzinga Government Trades page, could spark conflict of interest complaints.
The latest disclosure includes hundreds of trades made in June, mostly purchases, but some sales as well. The transactions are in the $1,000 to $15,000 and $15,000 to $50,000 range.
Out of the numerous trades, the one that stands out in the latest round is the congressman buying shares of SpaceX (NASDAQ:SPCX).
Cisneros disclosed buying $1,000 to $15,000 in SpaceX stock on June 18. The purchase came when shares traded between $172.11 and $190, higher than the current $160.42 price.
The congressman serves on the Armed Services Committee, which makes the purchase of SpaceX stock a questionable one.
SpaceX has multiple federal government contracts, including those with the Pentagon, NASA and Space Force.
As a member of the committee, Cisneros may know of government contracts ahead of time. Cisneros may also vote on contracts directly related to the company he owns stock in.
Cisneros’ Trading History
Cisnero is an active trader among members of Congress.
The congressman has made over 2,500 stock transactions according to data from Quiver Quantitative.
Benzinga previously flagged that Cisneros owning stocks such as Palantir and Lockheed Martin had attracted attention due to his committee assignment for the House Armed Services.
Being a member of the committee that knows about government contracts and helps with the budgets and awards of contracts could lead to members of Congress having inside information on which defense stocks will benefit in the future.
In 2025, Cisneros made $22.26 million in trades. So far in 2026, the congressman’s trading volume is $11.38 million.
Photo: Thrive Studios ID / Shutterstock
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