Before SpaceX IPO, Investors in China Secretly Acquired Stakes

Chinese investors and a Qatari royal family-linked entity acquired stakes in SpaceX before its IPO. SpaceX excluded investors from China and Hong Kong from its IPO due to regulatory risks. David Su, a Beijing-based venture capitalist, invested $15 million in SpaceX through a U.S. middleman firm, while his firm has ties to sanctioned companies and the Chinese government's aerospace initiatives.