Get the latest tech news
Chinese investors privately take stakes in xAI, Neuralink, and SpaceX — using financial vehicles specifically designed to avoid disclosure of identities funnelling tens of millions in capital
Asset managers have been promoting tech mogul’s ties to Donald Trump to lure capital to xAI, Neuralink and SpaceX
Since Musk was named a key figure in US President Donald Trump’s drive to remake the US government, China-based asset managers have been promoting the pair’s relationship as an enticement to raise capital from rich Chinese. But three Chinese-backed asset managers told the Financial Times that over the past two years, they had sold Chinese investors more than $30mn worth of shares in SpaceX, xAI and Neuralink, three Musk-controlled private technology companies whose valuations have surged. China’s wealthy began funding Musk’s private ventures in the late 2010s, when the Tesla founder started building an electric-vehicle factory in Shanghai in 2019 to take advantage of the country’s efficient and low-cost supply chains.
Or read this on r/technology
