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SpaceX reportedly has a secret backdoor for Chinese investment
Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore
Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore hubs, according to reporting from ProPublica. While passive, non-controlling stakes from foreign investors are welcome, it is the Trump administration’s position that adversaries like China use concealed investment strategies to obtain technologies, IP, and leverage in strategic industries. ProPublica’s reporting follows an investigation from The Financial Times that found that Chinese investors are using special-purpose vehicles to quietly funnel millions into Musk-controlled companies, including SpaceX, xAI, and Neuralink.
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