SpaceX is about to pull off one of the largest IPOs in history, and a massive chunk of Asia’s investor base has been told they can’t participate. The workaround they’re finding says a lot about where finance is heading.
Underwriters have directed banks to reject orders from mainland China and Hong Kong for SpaceX’s public offering, citing compliance risks tied to US export-control regulations on high-tech assets. Because SpaceX deals in rocket technology that falls under arms trafficking rules, letting Chinese investors buy shares creates a regulatory minefield nobody wants to walk through.
The IPO that’s too big to ignore
SpaceX plans to list on June 12, 2026, under the ticker SPCX, offering roughly 555.6 million shares priced at $135 each. The target raise is approximately $75 billion, which would value the company somewhere between $1.75 trillion and $1.8 trillion.
Crypto platforms are building the backdoor
