SpaceX Took Money Directly from Chinese Investors
4 hours ago
- #SpaceX
- #National Security
- #Chinese Investment
- SpaceX has received direct investments from Chinese investors, as revealed in sealed court testimony.
- The disclosure raises national security concerns due to SpaceX's role as a U.S. military contractor.
- Investor Iqbaljit Kahlon confirmed Chinese investors are 'directly on the cap table' of SpaceX.
- SpaceX's ownership structure is secretive, but some Chinese investors previously held indirect stakes.
- The U.S. government regulates foreign investments in sensitive industries due to espionage risks.
- SpaceX allows Chinese investments routed through offshore hubs like the Cayman Islands.
- House Democrats raised alarms about SpaceX's lack of transparency regarding Chinese investments.
- Kahlon facilitated investments from global sources, including China, Russia, and Qatar.
- By 2021, Kahlon expressed caution about Chinese investments but later accepted funds from a Shanghai-based company.
- SpaceX canceled a $50 million deal with a Chinese investor after it became public.