SpaceX: Why Chinese investors are banned from the biggest IPO in history
Key takeaways
- But Chinese investors seem all too willing to make risky investments in cryptocurrencies allegedly backed by US companies to avoid letting the initial public offering (IPO) of the century pass them by.
- By: Sébastian SEIBT Chinese investors will be restricted from buying SpaceX shares. © Studio graphique France Médias Monde The biggest initial public offering (IPO) in history will happen without China.
- SpaceX has justified the decision on national security grounds.
Why this matters: an international story with cross-border implications worth tracking.
Billionaire Elon Musk’s AI and aerospace giant Space X has banned investors from Hong Kong and mainland China from buying its shares as it goes public on Friday – a rarely seen restriction that shows just how geopolitically sensitive the world’s tangled financial markets have grown. But Chinese investors seem all too willing to make risky investments in cryptocurrencies allegedly backed by US companies to avoid letting the initial public offering (IPO) of the century pass them by.
By: Sébastian SEIBT Chinese investors will be restricted from buying SpaceX shares. © Studio graphique France Médias Monde The biggest initial public offering (IPO) in history will happen without China. Billionaire tycoon Elon Musk’s aerospace and AI conglomerate SpaceX has decided that Chinese and Hong Kong investors will not be able to buy shares in the soon-to-be publicly traded company, which makes its Wall Street debut on Friday.
“Mutual funds, private equities, sovereign funds, family offices and high-net-worth individuals from the two jurisdictions will all be blocked from this highly anticipated IPO,” reported the China Daily, a major English-language newspaper owned by the Communist Party of China.