SpaceX Bars Chinese, Hong Kong Investors From $75 Billion IPO Citing ITAR

SpaceX will block investors from mainland China and Hong Kong from participating in its initial public offering on June 12, according to sources, as U.S. arms export rules restrict access to the rocket maker’s listing. The IPO is expected to raise $75 billion at a valuation of up to $1.8 trillion. The company’s roadshow website, launched Thursday, uses Cloudflare to reject IP addresses from those regions with an error message. Underwriters Goldman Sachs and Morgan Stanley told the syndicate, which includes Mizuho and Macquarie Capital, not to accept orders from those jurisdictions, citing the International Traffic in Arms Regulations. The rules govern sensitive technologies in rockets, satellites and artificial intelligence. The move follows a February 2026 call by U.S. senators for a Pentagon probe into possible secret Chinese ownership in SpaceX. The restriction reflects escalating U.S.-China tensions that are curbing Chinese investment in defense-related technologies.