US Small Business Administration head earns millions from SpaceX's IPO

US Small Business Administration head Kelly Loeffler earned millions from her investments in SpaceX and xAI following SpaceX's record IPO. She invested between $1 million and $5 million in xAI twice in 2025. According to a PitchBook analyst, Loeffler's first investment could now be worth between $7 million and $2.6 billion, while the second could be worth $2.2-25.4 million.