Users in mainland China and Hong Kong were unable to access SpaceX’s website and initial public offering (IPO) marketing documents on Friday, a development that could limit investor participation in what is expected to be the world’s largest stock market listing.
The company, led by Elon Musk, plans to raise $75 billion through the IPO, which would value SpaceX at $1.75 trillion and place it among the 10 most valuable companies listed in the United States.
SpaceX began marketing the share sale on Thursday with investor roadshows in New York. IPO documents were published on the company’s website and remained accessible in most major Asian markets, but a Reuters review found that users in mainland China and Hong Kong could not view them.
Institutional and retail investors typically rely on IPO prospectuses and marketing materials to assess a company’s operations, financial position and growth prospects before deciding whether to invest.
It was not immediately clear why access to SpaceX’s website and IPO documents had been restricted in mainland China and Hong Kong, one of the world’s leading wealth centres, or how long the restrictions had been in place.
SpaceX, which operates across the rocket, satellite and artificial intelligence sectors, did not immediately respond to a Reuters request for comment outside US business hours.
Faridah Abdulkadiri
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