Billionaire Elon Musk’s AI and aerospace giant SpaceX has banned investors from Hong Kong and mainland China from buying its shares as it goes public on Friday – a rarely seen restriction that shows just how geopolitically sensitive the world’s tangled financial markets have grown. But Chinese investors seem all too willing to make risky investments in cryptocurrencies allegedly backed by US companies to avoid letting the initial public offering (IPO) of the century pass them by.
The biggest initial public offering (IPO) in history will happen without China. Billionaire tycoon Elon Musk’s aerospace and AI conglomerate SpaceX has decided that Chinese and Hong Kong investors will not be able to buy shares in the soon-to-be publicly traded company, which makes its Wall Street debut on Friday.
