SpaceX Bars Chinese Investors From $75B IPO, Echoing US Tech Export Controls
SpaceX is pricing its IPO at $135 per share for a record $75 billion offering, but barring mainland China and Hong Kong investors due to technology-export restrictions. The $1.77 trillion valuation bets entirely on Starlink’s growth and AI infrastructure, not current cash flows, as the company posted a $4.94 billion net loss in 2025.
