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SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
Reuters found Loeffler’s SpaceX and xAI holdings could be worth up to $2.6 billion after the company’s record IPO, according to PitchBook.
- Small Business Administrator Kelly Loeffler multiplied her SpaceX investment after her nomination, earning millions from the company's June 12 IPO valuing the space and AI provider at $1.77 trillion, a Reuters review of financial disclosures showed.
- Loeffler invested up to $10 million in xAI and SpaceX across two disclosures filed before and during 2025, with her initial investment occurring before Senate confirmation on February 19, 2025.
- PitchBook analyst Franco Granda estimated her first investment could be worth up to $2.6 billion while her second is valued between $2.2 million and $25.4 million, reflecting SpaceX's valuation, which more than doubled in 2025.
- Federal law prohibits cabinet members from participating in decisions involving companies where they hold financial interests; two independent government ethics attorneys agreed with Reuters' assessment, though public records show no direct SBA and SpaceX relationship.
- At least 10 Trump administration officials listed investments in SpaceX or xAI on their 2025 financial disclosure forms, while Loeffler and her team did not respond to multiple requests for comment about the investment.
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SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk's SpaceX after she was nominated for the job, earning millions of dollars from the company's record initial public offering, a Reuters review of her financial disclosures showed.
·London, United Kingdom
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Pakistan Live News
Pakistan Live NewsHow the SpaceX IPO earned millions for SBA Administrator Kelly Loeffler
US Small Business Administration head Kelly Loeffler took a significant step to increase her investment in SpaceX. This comes after she was nominated to her post and earned millions of dollars from...
·Karachi, Pakistan
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Total News Sources12
Leaning Left2Leaning Right3Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 18%
C 55%
R 27%
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