SpaceX bars Hong Kong and mainland China from IPO, eliminating a major demand source

SpaceX's IPO marketing documents are inaccessible to investors in Hong Kong and mainland China as of June 5, 2026, per Reuters. National security and ITAR (International Traffic in Arms Regulations) restrictions on defense-adjacent companies created the barrier. The exclusion removes two of Asia-Pacific's largest institutional capital pools from the primary allocation, concentrating demand among North American and European investors. This supply-demand shift may affect pricing pressure on the targeted $135-per-share offer.