Story perspectives

SBA Chief Kelly Loeffler Nets Millions from SpaceX, xAI IPO

7/17/2026

Summary

Story summary

U.S. Small Business Administration head Kelly Loeffler’s investments in SpaceX and xAI surged after the June 12, 2026 IPO, giving her multi-million-dollar gains.
She invested $1 million to $5 million in the two firms before taking SBA role.
SpaceX IPO valued the firm at $1.77 trillion, making her first stake $7 million to $2.6 billion and second $2.2 million to $25.4 million.
Reuters obtained the SBA disclosures on June 12.
Two independent government ethics attorneys agreed with Reuters’s assessment.

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Story summary

U.S. Small Business Administration head Kelly Loeffler’s investments in SpaceX and xAI surged after the June 12, 2026 IPO, giving her multi-million-dollar gains.
She invested $1 million to $5 million in the two firms before taking SBA role.
SpaceX IPO valued the firm at $1.77 trillion, making her first stake $7 million to $2.6 billion and second $2.2 million to $25.4 million.
Reuters obtained the SBA disclosures on June 12.
Two independent government ethics attorneys agreed with Reuters’s assessment.