SpaceX plans to ban Chinese and Hong Kong investors from its IPO, raising concerns about US technology export controls.

CoinFeed reported on June 5th, citing Bloomberg, that underwriters preparing for SpaceX's IPO, valued at approximately $75 billion, were instructed not to accept subscription orders from investors in mainland China and Hong Kong (including private banking clients) due to technology export and compliance risks related to the U.S. International Trade in Arms Regulations (ITAR). The report, citing sources familiar with the matter, stated that the lead bank has instructed other banks in the underwriting syndicate to reject funds from these regions to avoid triggering U.S. national security and data security reviews. SpaceX's website also displayed errors on Friday in Hong Kong and Shanghai, indicating blocked local IP addresses, reflecting further tightening of restrictions on Chinese investment in equity and information.