Underwriters for SpaceX’s $75 billion IPO are blocking subscriptions from mainland China and Hong Kong due to U.S. export restrictions.
SpaceX’s $75 billion initial public offering will exclude investors from mainland China and Hong Kong, including private banking clients. Underwriters cited regulatory and compliance risks tied to U.S. restrictions on critical technology exports as the reason for the exclusion.
The decision was communicated to banks participating in the underwriting syndicate. No prior public disclosure of these restrictions had been made, though U.S. export controls on advanced technology have tightened in recent years.
The move may limit demand from a key investor base but aligns with broader U.S. efforts to restrict Chinese access to sensitive technologies.