China investors being shut out as some American AI firms, including SpaceX, go public: sources
Source: The Business Times
Published on: 2026-06-12 04:57
WHEN SpaceX starts trading on Jun 12 (US Eastern time), one group will be noticeably absent from the frenzy: investors from China and Hong Kong. They are also likely to miss out on the upcoming initial public offering for OpenAI. SpaceX, Elon Musk's rocket maker and artificial intelligence company, has excluded investors in China and Hong Kong from participating in its IPO, according to five people with knowledge of the decision, who asked not to be identified because they were not authorised to speak publicly. OpenAI, another leading AI company, is likely to impose the same restriction when it goes public in 2026, said three people with knowledge of the discussion. The company has already barred Chinese investors from participating in private fundraising rounds, one of those people said. The AI companies have not disclosed why they are hesitant to accept investments from the region, ...
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