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SpaceX sets June 12 IPO, China and Hong Kong investors barred

financeJun 5, 202634895

SpaceX set its Nasdaq IPO for June 12 under ticker SPCX, and the company instructed underwriters to reject orders from investors in China and Hong Kong over U.S. export control and national security concerns. The firm's S-1 emphasizes large bets on AI infrastructure alongside Starship development, and Goldman Sachs projects roughly $474 billion in revenue for SpaceX by 2030. The offering uses SPV vehicles and pre-IPO structures and includes retail allocations that could leave many individual investors with indirect, riskier stakes instead of direct shares. Excluding China and Hong Kong narrows the buyer pool and underscores how national security limits on advanced rocket and AI technology could shape valuation and geopolitics.

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