<p>[香港/紐約] 知情人士表示，SpaceX 的 750 億美元首次公開募股的承銷商已被告知，不得接受來自香港和中國投資者的訂單，原因是美國對關鍵技術出口的限制。</p>
<p>負責該交易的主要銀行已告知承銷團中的其他銀行，不得允許香港和中國的客户，包括私人銀行客户，提交該募股的訂單，原因是監管和合規風險，這些人士要求匿名，因為該事項是私密的。</p>
<p>一些知情人士表示，銀行被告知這一決定是基於與美國國際武器貿易條例相關的內部指導，該條例管理與國防相關的技術和技術數據的出口。</p>
<p>負責該交易的高盛集團和摩根士丹利未立即回應置評請求。SpaceX 的一名代表在正常辦公時間外無法立即聯繫。</p>
<p>週五（6 月 5 日），SpaceX 的網站在香港和上海無法訪問，嘗試訪問時出現錯誤信息，表示該公司已禁止來自這些地區的互聯網地址訪問。</p>
<p>近年來，美國科技和人工智能公司對接受中國投資者的資本變得越來越謹慎，反映出監管機構和客户對潛在國家安全和數據安全風險的高度關注。</p>
<p>另見</p>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5f28e00642bba1d5b2ed8864afc9722ecf062ca114a2440f82730e4d11d72e3d/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5f28e00642bba1d5b2ed8864afc9722ecf062ca114a2440f82730e4d11d72e3d/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>首席執行官傑米·戴蒙將向摩根大通的超高淨值客户推介 SpaceX IPO</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>SpaceX 尋求 750 億美元的創紀錄 IPO 以資助人工智能和發射</h3>
<p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p>
<h3>SpaceX 將 IPO 估值目標下調至至少 1.8 萬億美元</h3>
<h3>東盟情報</h3>
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<p>追求政府合同或在敏感行業運營的公司通常希望保持其股東基礎不受可能引發美國當局審查或引起潛在客户擔憂的投資者影響。</p>
<p>這一轉變與前十年形成對比，當時中國風險投資公司、私募股權基金、家族辦公室和富裕個人是硅谷初創企業的活躍投資者。許多人通過離岸特殊目的工具和基金結構參與，這些結構模糊了資本的最終來源，使他們能夠與全球投資者一起支持高增長的科技公司。</p>
<p>然而，隨着華盛頓與北京之間的地緣政治緊張局勢加劇，創始人和承銷商在公開上市前對資本結構變得更加挑剔，一些公司積極減少或完全避免中國所有權。彭博社</p>
<p>解碼亞洲通訊：您在新全球秩序中導航亞洲的指南。點擊此處註冊以獲取解碼亞洲通訊。免費送達您的郵箱。</p>

SpaceX 正式提交 S-1：定價 $135/股，估值 1.77 萬億美元，發售 5.556 億股，融資規模高達 750 億美元；6/11 定價、6/12 Nasdaq 掛牌，將成史上最大 IPO。估值直接超越伯克希爾，把 SpaceX 推上美股第 7 大公司位置，比 Tesla（1.6 萬億）還高。$135 你打嗎？

<p><span style="background-color:rgb(253,253,252);color:rgb(110,108,104);">SpaceX 正式提交 S-1：定價 $135/股，估值 1.77 萬億美元，發售 5.556 億股，融資規模高達 750 億美元；6/11 定價、6/12 Nasdaq 掛牌，將成史上最大 IPO。估值直接超越伯克希爾，把 SpaceX 推上美股第 7 大公司位置，比 Tesla（1.6 萬億）還高。$135 你打嗎？</span></p>

SpaceX IPO 打新周：$135 你打嗎？

SPCX

ASTS

DXYZ

回聲星通信

RKLB

<p>SpaceX 750 億美元 IPO 的承銷商已被指示拒絕來自香港和中國投資者的訂單，原因是美國對關鍵技術的出口管制法規。這一決定是由於國際武器貿易條例下的合規風險，反映出地緣政治審查的加劇。因此，SpaceX 還阻止了這些地區的網頁訪問，這標誌着其對硅谷初創企業接受中國資本的開放態度的轉變</p>

<p>[HONG KONG/NEW YORK] Underwriters on SpaceX’s US$75 billion initial public offering have been told not to accept orders from investors in Hong Kong and China, citing US restrictions around the export of critical technology, people with knowledge of the matter said.</p>
<div class="lb-trans"><p>[香港/紐約] 知情人士表示，SpaceX 的 750 億美元首次公開募股的承銷商已被告知，不得接受來自香港和中國投資者的訂單，原因是美國對關鍵技術出口的限制。</p>
</div><p>The lead banks overseeing the deal have told other banks in the underwriting syndicate not to permit customers in Hong Kong and China, including private banking clients, to place orders for the offering due to regulatory and compliance risks, the people said, asking not to be identified as the matter is private.</p>
<div class="lb-trans"><p>負責該交易的主要銀行已告知承銷團中的其他銀行，不得允許香港和中國的客户，包括私人銀行客户，提交該募股的訂單，原因是監管和合規風險，這些人士要求匿名，因為該事項是私密的。</p>
</div><p>Banks were told the decision was driven by internal guidance related to the US International Traffic in Arms Regulations, which governs exports of defence-related technologies and technical data, some of the people said.</p>
<div class="lb-trans"><p>一些知情人士表示，銀行被告知這一決定是基於與美國國際武器貿易條例相關的內部指導，該條例管理與國防相關的技術和技術數據的出口。</p>
</div><p>Goldman Sachs Group and Morgan Stanley, the lead banks on the deal, did not immediately respond to a request for comment. A representative for SpaceX could not immediately be reached for comment outside of regular office hours.</p>
<div class="lb-trans"><p>負責該交易的高盛集團和摩根士丹利未立即回應置評請求。SpaceX 的一名代表在正常辦公時間外無法立即聯繫。</p>
</div><p>SpaceX’s website was inaccessible from Hong Kong and Shanghai on Friday (Jun 5), with attempts to do so resulting in an error message that said the company had banned access from Internet addresses from those locations.</p>
<div class="lb-trans"><p>週五（6 月 5 日），SpaceX 的網站在香港和上海無法訪問，嘗試訪問時出現錯誤信息，表示該公司已禁止來自這些地區的互聯網地址訪問。</p>
</div><p>US technology and artificial intelligence companies have become increasingly cautious about accepting capital from Chinese investors in recent years, reflecting heightened scrutiny from regulators and customers over potential national security and data-security risks.</p>
<div class="lb-trans"><p>近年來，美國科技和人工智能公司對接受中國投資者的資本變得越來越謹慎，反映出監管機構和客户對潛在國家安全和數據安全風險的高度關注。</p>
</div><p>SEE ALSO</p>
<div class="lb-trans"><p>另見</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5f28e00642bba1d5b2ed8864afc9722ecf062ca114a2440f82730e4d11d72e3d/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/5f28e00642bba1d5b2ed8864afc9722ecf062ca114a2440f82730e4d11d72e3d?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>CEO Jamie Dimon to pitch JPMorgan’s ultra-rich clients on SpaceX IPO</h3>
<div class="lb-trans"><h3>首席執行官傑米·戴蒙將向摩根大通的超高淨值客户推介 SpaceX IPO</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>SpaceX seeks US$75 billion in record IPO to fund AI, launch</h3>
<div class="lb-trans"><h3>SpaceX 尋求 750 億美元的創紀錄 IPO 以資助人工智能和發射</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389/query-ZHByPTEmZj13ZWJwJnc9MjQw" alt="" original-src="https://cassette.sphdigital.com.sg/image/businesstimes/fec71eb0e1365e43b6e8d05c93bba68c43c161b9571302883162e35a66fd6389?w=240&amp;dpr=1&amp;f=webp"/></p>
<h3>SpaceX lowers IPO valuation target to at least US$1.8 trillion</h3>
<div class="lb-trans"><h3>SpaceX 將 IPO 估值目標下調至至少 1.8 萬億美元</h3>
</div><h3>Asean Intelligence</h3>
<div class="lb-trans"><h3>東盟情報</h3>
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<div class="lb-trans"><p>獲取東南亞各企業的洞察</p>
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</div><p>Companies pursuing government contracts or operating in sensitive sectors often seek to keep their shareholder base free of investors that could trigger reviews by US authorities or raise concerns among prospective clients.</p>
<div class="lb-trans"><p>追求政府合同或在敏感行業運營的公司通常希望保持其股東基礎不受可能引發美國當局審查或引起潛在客户擔憂的投資者影響。</p>
</div><p>The shift marks a contrast with the previous decade, when Chinese venture capital firms, private equity funds, family offices and wealthy individuals were active investors in Silicon Valley startups. Many participated through offshore special purpose vehicles and fund structures that obscured the ultimate source of capital, allowing them to back high-growth technology companies alongside global investors.</p>
<div class="lb-trans"><p>這一轉變與前十年形成對比，當時中國風險投資公司、私募股權基金、家族辦公室和富裕個人是硅谷初創企業的活躍投資者。許多人通過離岸特殊目的工具和基金結構參與，這些結構模糊了資本的最終來源，使他們能夠與全球投資者一起支持高增長的科技公司。</p>
</div><p>As geopolitical tensions between Washington and Beijing have intensified, however, founders and underwriters have become more selective about cap tables ahead of public listings, with some companies actively reducing or avoiding Chinese ownership altogether. BLOOMBERG</p>
<div class="lb-trans"><p>然而，隨着華盛頓與北京之間的地緣政治緊張局勢加劇，創始人和承銷商在公開上市前對資本結構變得更加挑剔，一些公司積極減少或完全避免中國所有權。彭博社</p>
</div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.</p>
<div class="lb-trans"><p>解碼亞洲通訊：您在新全球秩序中導航亞洲的指南。點擊此處註冊以獲取解碼亞洲通訊。免費送達您的郵箱。</p>
</div>

Chinese, HK investors banned from SpaceX IPO on security grounds: sources

Businesstimes News

SpaceX

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Destiny Tech100

Fundrise Innovation Fund LLC

Rocket Lab

Planet Labs

高盛

摩根士丹利

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MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

消息人士透露，由於安全原因，中國和香港的投資者被禁止參與 SpaceX 的首次公開募股