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SpaceX IPO underwriters bar mainland China, Hong Kong orders at $75 billion valuation

SpaceX IPO underwriters bar mainland China, Hong Kong orders at $75 billion valuation

The restrictions underscore how U.S.-China tensions and export-control rules are increasingly shaping who can participate in sensitive capital-raising deals.

Fact Check
Bloomberg, the originally cited source, published the report on June 5, 2026, matching event_time and confirming the $75B valuation, the exclusion of mainland China and Hong Kong investors, and security/export-control rationale. Business Times adds specifics matching the claim — ITAR as the cited basis, private banking clients included, and SpaceX's website blocked from Hong Kong and Shanghai IPs. Investing.com independently relays the same Bloomberg-sourced facts. All elements of the claim are corroborated.
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Summary

Underwriters working on a SpaceX IPO at an about $75 billion valuation were told not to take subscription orders from investors in mainland China and Hong Kong, including private bank clients, Bloomberg reported, citing people familiar with the matter. The restriction was tied to ITAR-related export-control and compliance risks, underscoring how national-security rules can shape access to high-profile listings. Separately, SpaceX’s website was inaccessible in Hong Kong and Shanghai on Friday, with notices indicating local IP addresses were blocked. The development also highlights the growing impact of geopolitical tensions on global capital markets.

Terms & Concepts
  • IPO: initial public offering of shares
  • ITAR: U.S. arms export control rules