Key facts
- SpaceX plans a $75 billion initial public offering.
- Investors from China and Hong Kong are excluded from the IPO.
- The exclusion is due to US restrictions on exporting critical technology.
- China has launched the Beijing Space Intelligent Computing Research Institute focused on space AI.
SpaceX is preparing for a $75 billion initial public offering (IPO), but has decided to exclude investors from China and Hong Kong. Underwriters have been instructed not to accept orders from these regions, citing US restrictions related to the export of critical technology. This decision is intended to help the company navigate the complex geopolitical landscape surrounding its operations and the broader technological competition between the US and China. The move comes as China has launched the Beijing Space Intelligent Computing Research Institute, a state-backed entity focused on space-based artificial intelligence computing, escalating the frontier tech race.