According to reports from outlets such as KuCoin News and Crypto Briefing, SpaceX may have included a clause in its IPO

According to reports from outlets such as KuCoin News and Crypto Briefing, SpaceX may have included a clause in its IPO prospectus (S-1 filing) explicitly prohibiting investors from mainland China and Hong Kong from purchasing shares. The restriction is likely based on U.S. ITAR (International Traffic in Arms Regulations), which control the export of defense and aerospace technologies. No official confirmation through SEC documents is available at this time.

ITAR are U.S. federal regulations governing the export of defense articles and services, including space technology. Any transfer of technical information or foreign ownership in ITAR-controlled companies must be authorized by the State Department. SpaceX, as a defense contractor and rocket developer, is subject to these rules. Previously, companies like Rocket Lab have also imposed similar restrictions on investors from high-risk countries.