Absent From the SpaceX and OpenAI I.P.O.s? Chinese Investors.
The New York Times • • business
Key Points:
- SpaceX is excluding investors from China and Hong Kong from participating in its upcoming initial public offering (IPO), according to sources familiar with the decision.
- OpenAI is also expected to restrict Chinese investors from its IPO later this year and has already barred them from private fundraising rounds.
- Neither SpaceX nor OpenAI has publicly explained the reasons for these restrictions, and it is unclear if the U.S. government influenced the decisions.
- The move aligns with U.S. efforts to limit China’s access to advanced artificial intelligence technologies, with both companies having significant U.S. government clients.