Absent From the SpaceX and OpenAI I.P.O.s? Chinese Investors.

SpaceX has decided to exclude investors from China and Hong Kong from participating in its upcoming initial public offering (IPO), according to people familiar with the decision.
Similarly, leading artificial intelligence company, OpenAI, is expected to impose the same restriction on its own IPO later this year.
The companies have not disclosed the reasons behind this decision, but it highlights a broader trend where American technology and AI firms are increasingly reluctant to accept Chinese investment due to national security, intellectual property protection, and data governance concerns.
These decisions come amidst heightened U.S.-China tensions, particularly with regards to sensitive sectors like technology and science, both governments have been erecting barriers to trade and investment.
The exclusion of Chinese investors from these major IPOs signals not just a trade but also a technology and capital decoupling between the U.S. and China.

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