SpaceX IPO Plans to Exclude Chinese and Hong Kong Investors

Odaily News, sources say that underwriters for SpaceX's IPO, valued at approximately $75 billion, have been instructed not to accept subscriptions from investors in Mainland China and Hong Kong (including private banking clients). This is due to technical export and compliance risks associated with the U.S. International Traffic in Arms Regulations (ITAR). It is reported that relevant financial institutions have been required to reject funds from these regions to avoid triggering U.S. national security and data security reviews. On Friday, SpaceX's official website was also found to be inaccessible in Hong Kong and Shanghai, displaying an error message indicating a blocked local IP, reflecting a further tightening of restrictions on Chinese capital at both equity and information levels. (Bloomberg)