SpaceX IPO Bans Chinese Mainland and Hong Kong Investors Over ITAR Compliance Concerns

According to Bloomberg, on June 5, SpaceX underwriters were instructed to reject subscription orders from Chinese mainland and Hong Kong investors for the approximately $75 billion valuation IPO, citing technology export and compliance risks related to U.S. International Traffic in Arms Regulations (ITAR). Lead underwriters directed other banks in the syndicate to refuse funds from these regions to avoid triggering U.S. national security and data security reviews.

SpaceX's website became inaccessible in Hong Kong and Shanghai on Friday, displaying IP-blocking error messages, reflecting tightened restrictions on Chinese capital at both equity and information levels.