According to TechFlow, citing a Bloomberg report dated June 05, people familiar with the matter said underwriters for SpaceX’s roughly $75 billion initial public offering have been instructed not to accept subscription orders from investors in mainland China and Hong Kong. The report linked the restriction to U.S. limits on exports of key technologies.
The lead underwriting bank responsible for the transaction has also notified other banks in the underwriting syndicate that clients from mainland China and Hong Kong are not allowed to place orders. The restriction includes private banking clients, meaning it applies not only to general subscription channels but also to clients participating through private banking services.
Bloomberg reported that the move was mainly driven by regulatory and compliance risk considerations. The related arrangement has not been publicly disclosed. The report did not name the underwriters, detail the subscription timetable, or state whether investors from other regions face similar restrictions.