SpaceX Excludes Hong Kong and China Investors from Upcoming IPO Due to U.S. Arms Regulations
Elon Musk's SpaceX is reportedly excluding investors in Hong Kong and mainland China from its upcoming $75 billion IPO, citing restrictions under U.S. International Traffic in Arms Regulations (ITAR). The decision affects private banking clients as well. Goldman Sachs Group Inc. and Morgan Stanley are leading the offering.
Topics: arms regulations China Hong Kong IPO regulatory restrictions SpaceX