SpaceX Bars China and Hong Kong Investors from $75 Billion IPO
SpaceX is instructing underwriters to reject investment orders from China and Hong Kong for its planned $75 billion IPO. The restrictions also limit access from parts of Hong Kong and Shanghai and are tied to U.S. defense technology export rules.
benzinga.comSpaceX is blocking investors from China and Hong Kong from participating in its planned $75 billion IPO. The company instructed underwriters to reject any orders linked to those jurisdictions. Access from parts of Hong Kong and Shanghai was also restricted.
The restrictions are connected to U.S. rules governing defense technology exports. Those rules limit the transfer of certain technologies to foreign entities.
The decision reflects growing caution among U.S. technology companies about accepting capital from China. National security and data concerns are cited as primary factors behind the move. SpaceX has not issued a public statement detailing the scope of the restrictions.
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