ProPublica: China-linked investors acquired SpaceX stakes before IPO

pammageddon.bsky.social66

I think we know musk will sell the government secrets and data on Americans he acquired while directing DOGE… he has zero loyalty to any one, any nation.

llaw1.bsky.social41

Taxpayers PAY for Musks Space X waste, but China and Russia profit, and so does MUSK...ON OUR TAX DOLLARS,🤬🤷 As US Hospitals close, and kids starve, US wasted on Musk..

guruvy30

So pretty much a US Government funded project to give away our own technological advantages in the service of a billionaire racist megalomaniac who more than dabbles in Nazi ideology?

Lawrence25

No one can be surprised by this ..One word HELSINKI

daisychain05.bsky.social20

@propublica.org you need to share this: open.substack.com/pub/blueamp/...

BenevolusPF 🇺🇸🏴󠁧󠁢󠁳󠁣󠁴󠁿🇮🇪🇸🇪🇩🇪🇺🇦☕️🥃🍺19

What a scam. SpaceX is a grift, plain and simple, a way to pay off people with ‘stock.’

Furious Floridian18

An IPO that is extremely and falsely overvalued.

bluebird555.bsky.social17

US needs to ban foreign investment in any companies granted government contracts. We also need to ban foreign investments in real estate....that's a major factor in what's driving higher real estate prices.

SteveDemetriou14

Is there anything not thoroughly corrupt abt Musk, anything?

BananaPancakesCanSaveYourSoul13

Xi and Putin are pals because they have the same goal in mind. Destroy Western Democracy and embarrass US on a global scale.

franklin1337.bsky.social13

I truly believe Trumps SEC is looking the other way while our enemies use the entire U.S. stock market as a pump and dump scheme

Barry Hochberg12

Interesting that they're making money on SpaceX's U.S. government contracts. So WE are paying for their profits. Anyone else see anything wrong with that?

WorldOnFi/Re12

Why is musk, who led doge and gutted our countries govt And programs infrastructure, secret soliciting money from china!?!

Dr Jane in GA11

Elon Musk and Donald Trump are a dangerous combination of weirdos who will sell this great nation to the highest bidder for their own profit. 250 of existence and this is what we have come to? Tax the rich! Secure our country! Liberty and JUSTICE for ALL!

T Antony 🏳‍🌈11

And anyone is surprised by this. Your tax dollars at work. The American people should put a lien on his rockets.

Wally Kibler🇨🇦11

America is a Ponzi scheme And the American people are the marks

William Peter MacMason10

the stock market is just kind of a bad thing in general huh

RandolphGibbs10

Oligarchs are going to oligarch !!!

John Shea 🍀10

Arrest him now and seize his property and his bank accounts across the world.

twstedtv.bsky.social9

We will soon lose the United States. When you have China, Saudi Arabia, Russia & other countries, purchase stock for a company that holds national defense contracts. You know the USA is inches away from losing it's land to 3rd world countries. You can thank the republicans for whatever happens. .

Paul Peters9

I had expected a much larger Russian stake in SpaceX, but who knows how the money flows when the 'ultimate beneficial owner' is out of sight...

factsonly007.bsky.social8

are we shocked??? no this is one big racketeering presidency

Fella T 🇨🇿🇪🇺6

I wrote yesterday on one US forum about stocks that SpaceX is owned by russians. Mods never approved this post.

beornblack.bsky.social6

these are the people who have funded him all these years.

marcosantana5

SpaceX is a national security risk. @aoc.bsky.social @elizabeth-warren.bsky.social

Jennifer Keith5

Everyone anywhere close to power and money is a fucking liar these days. There is no honor amongst the elite.

David5

China has more influence over America than we like to admit. cbwrong.blogspot.com/2026/06/the-...

Al Olmsted5

Where's there's obscene amounts of money, there are obscene gluttonous felons behind it.

Amy Mode Activated 🪷 ᓚᘏᗢ ಇ.4

This is my surprised face...

Pamelia Valentine4

This is why taking it public is a problem. Get rid of SpaceX. NASA can handle our space exploration.

gabrielgambino4

Republicans soft on China. 🤣🇺🇲

frankb01.bsky.social4

I sure hope the dems are strong enough to deal with this.

Anon4

Tax this out of existence.

Canadian Club fan 🥃4

Like I said yesterday. A security risk is anything Elon Musk is involved in. He cannot be trusted.

UWOPS4

Illegal and rigged. And the GOP will do nothing but cash in on it.

Levi Anthony Luckenbach4

It’s all Treason. All of it.

GP4

What could possibly be wrong in that 🤔

Leigh4

Fkg traitor. Break up his monopoly company. Confiscate his assets. Deport him.

BionicBlonde3

ELoan has always done sleazy business and taken money from anyone willing to give it. Now he's like an ALIEN with a strangle hold on much of the US Government.

John Brown’s daughter3

We let the fox destroy our henhouse while he’s been selling shares on eggs to his friends.

llaw1.bsky.social3

Our tax money is funding a China, Russian money maker with Musk. NOT what we signed up for as Hospitals close, and Iran WAR WASTE goes on.

Eleet Strike Farce3

But it has “capital” in the name, has to be legit, right?

EC3

None of this surprises me as foreign investors/interests have wanted to control or at least be a part of our Space Program for decades. NASA in my opinion had budgetary problems in the 80s because Wall Street wanted privatisation of our Space Program for $$$. Congress went along with this.

Chris H3

What! Everyone is NOT surprised!! BUT IT’S TIME TO CALL BS AND RAGE!

MidsommarHeyQueen2

More people finding trees in the forest.

Fresh Prince of Wallachia2

The oligarchy transcends national borders, and is trying to consolidate its power.

Greg2

Musk is a direst threat to National Security.

mrtoads.bsky.social2

Like Wernher von Braun (who actually knew how to build stuff, rather than just buying things and slapping his name on them), old Muskie doesn’t care where the money comes from, as long as it comes.

Chas11372

Elon cannot be trusted. He’s the best showman/conman. He has convinced thousands of people (marks) to over value his companies. SpaceX actuals: $102 billion in total assets against $60.5 billion in reported total liabilities/debt. Not worth $175 per share.

TweetJohnnyBoy2

Quelle surprise! Just as a mafia organisation would operate.

the_lion_of_anacostia 🦁2

Musk built a company on U.S. government contracts and Chinese money. The firewall was supposed to be the Pacific. It was actually a shell company in Delaware.

Brad2

“It’s a big club and you ain’t in it.”

K. Moore 🦋📚🎼2

Taxpayer subsidies, huge US govt. contracts, and all the while foreign govts., and investors on the adversarial list, get rich. imo during the pump and dump Iran war, that Iranian leaders also got rich investing through middlemen.

Deb2

SpaceX? More like let’s start a company that likes to blow up crap. Would you get in one of their rockets?

rhythmfiction.bsky.social2

Oh so basically just another day that ends with Y? Let's just admit it.....this world is run by cretins

Nyx Cipher2

and yet residents arent allowed to contest the environmental impacts of X data centers because of national security.. we have to wonder whose national security? China/Russia/Israel are certainly embedded in those systems but its fine as long as nobody talks about the files

DragonHawk19592

That makes SpaceX having government contracts at least a potential security issue. But this administration won't investigate.

A Horse of Course2

Weren't there a period before the pandemic where China was producing a lot of SpaceX designed styled rockets? It wouldn't be shocking for SpaceX to have a leak, or a CEO who leaks for access. arstechnica.com/space/2025/1...

Shadowkings2

We know Trump is a con man, we know Elon is a charlatan parasite. Now we know he is selling tech to other countries weakening our defense. The enemy within

mmothnadine.bsky.social2

WHAT?! + So not surprised by Elon’s greedy betrayal. Also I suppose this answers the question of who got all our social security information that Elon stole during his time heading DOGE = CHINA

atchijov.bsky.social2

It was pretty obvious for years that all Musk "undertakings" hold artificially inflated stock price. We suspected... now we know who was doing "inflating". Pretty sure there are no laws against it... so we have to come up with some new laws. This is economic treason.

derek2

Can anyone tell me how this IPO isn't just a giant money laundering scam for China and Russia to profit off of? If you let in early movers like that, and then pump and dump like this, I can't see how it's anything other than one of the largest frauds ever perpetuated.

Nualaatpeace2

Money, the real enemy. We're living through times where money is greater than people. Enabled by corrupt Governance. Politics for sale translation, people for sale. Damned greed & corruption. Governments sanction big corporate takeovers. Sell our assets. Sell us out. They don't tax wealth.

captkickback.bsky.social2

I read that briefly as Tamales Bay. Anyway end all government contracts with Space X and Musk then exile that 💩

For No One2

There are no American businesses. Not Amazon, not Apple, not SpaceX. These are all global enterprises that do not care about: - American workers (jobs and wages) - U.S. clean water and clean air regulations (or the overall climate) - U.S. safety regulations

Charles Colee2

Interesting... Chinese & Russian stakeholders investing in a company with access to THIS country's intelligence apparatus. Evidently, Musk plans to profit from whatever intel Trump hasn't ALREADY sold to the highest bidder.

Kiki 🌊🌊2

And by investors in Russia, it means Putin and his buddies.

TRUMPEDO2

Lol SX with its combined companies has an annual revenue of less than 50bil. Net revenue is in the red. Valuation of over 2T. Hahahaha Hahahaha Hahahaha Hahahaha Hahahaha Hahahaha

Joetakes Shots2

This is the golden age of Russian & Chinese espionage. They say empires crumble from the inside. I never thought of the US as an empire, I guess the same logic will apply here. 200 years from now Chinese history books read by kids in Kansas will talk about how capitalism was a corrupt way of life

Vickie2

Foreign investors. You don't say. 😒 I think this came to light some time ago.

Jeff2

If ever there were concerns about Musk's actions to destroy our democracy, THIS is it. $$$$ is his god.

SNOID2

WELL Yea now they got all, our Tech..

Django Roncin2

This brings back the memory of him saying if Dump doesn't get elected, I'm going to jail. There are so many reasons why he should be and now he has enough money to fund he's own military and do whatever the hell he wants. All the while extorting and blackmailing every American into submission.

ninners(that news girl)2

why would anyone think china wasn't involved when muskrat has tesla in China lol?

frankb01.bsky.social2

Republicans don't care as long as they get their cut of the contracts.

Fella T 🇨🇿🇪🇺3

A whole IPO is just exit strategy with making bag holders...

AW Stiles3

Same. Was visiting relatives this weekend and they were all "a UFC match at the white house, now you're just making things up"

Rich Mahogany3

I’m working on a PowerPoint presentation for my law students on “Why you shouldnt use AI” and we’ll fuckin just….see if I can make it persuasive. OMG I should ask ChatGPT to write a persuasive argument why not to use it 🤣

jadehawk "FREE ŁINK"2

very hard not to sound utterly mad saying things like "no see it's all made up, they're losing millions on llms while promising billions on AI profit"

lesterryan.bsky.social2

It’s a start but not win until that bill gets into the hundreds of billions.