Report: SpaceX’s pre-IPO investor list included businessman linked to Chinese military contractors

SpaceX, while still private, sold fund interests through U.S. intermediary Tomales Bay Capital to more than a dozen investors from mainland China, Hong Kong and Russia, including Chinese businessman David Su, whose VC firm MPCi previously backed Chinese space companies later sanctioned by Washington, ProPublica reported. SpaceX has explicitly barred investors from China and Hong Kong from participating in its IPO, citing regulatory risks. There is no evidence the investors received nonpublic information, and U.S. authorities have not announced new sanctions or contract review measures.