Before SpaceX IPO, investors in China secretly acquired stakes
Summary
ProPublica, via a private investor list, reports that SpaceX had overseas investors from China, Hong Kong, and Russia who acquired stakes through Tomales Bay Capital before the IPO, including ties to Chinese military contractors. The reporting emphasizes regulatory and national-security concerns around foreign investment in SpaceX, a company with sensitive government contracts, and notes SpaceX barred Chinese and Hong Kong investors from the IPO due to security considerations.