ANI
05 Jun 2026, 16:28 GMT+10
Hong Kong, June 5, (ANI): The SpaceX website and its IPO documents are inaccessible to people in Hong Kong and mainland China, according to a Reuters review.
The Elon Musk-led rocket startup is planning to sell 555.6 million shares at $135 a share. The company will raise a total of $75 billion valuing the company at $1.75 trillion placing it among top 10 most valuable companies in the US. SpaceX began its IPO marketing campaign with a roadshow on Thursday in New York.
An 'Error 1009' message popped up upon accessing the SpaceX website and marketing material, the Reuters review showed.
SpaceX, which will go public under the ticker symbol SPCX, is set to be the biggest IPO ever and at a valuation of $1.7 trillion will cross Tesla which is valued at $1.6 trillion.
Web security provider Cloudflare said that the most likely scenario for the error is that the website owner 'has banned' the country or region from access, according to the Reuters report.
Musk's Tesla cars are a huge hit in China and compete with the locally manufactured BYD.
According to the SpaceX IPO prospectus, Musk holds the reigns of the company through his massive ownership. It also mentioned that the company plans to reserve 5 per cent of the stock in its IPO for certain employees and persons.
SpaceX and Anthropic are preparing for their market debut with the Claude-maker having confidentially filed for an IPO. OpenAI is expected to follow suit and file for an IPO soon.
Musk's rocket, satellite internet and AI company faced a setback as its immediate entry to S&P 500 has been blocked after S&P Dow Jones refused to change rules for entry of megacaps in the key index.
Musk, who merged xAI and SpaceX in February, plans to spend the proceeds of the IPO on expanding the AI computing infrastructure and the satellite networks. (ANI)
Get a daily dose of Travel Trade news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Travel Trade.
More InformationWASHINGTON, D.C.: The Trump administration has proposed new tariffs of 10 percent or more on imports from dozens of major U.S. trading...
NEW YORK, New York - U.S. stocks closed sharply higher on Thursday, led by a blockbuster rally in the Dow Jones Industrial Average,...
NEW YORK CITY, New York: Elon Musk's SpaceX is planning an unprecedented stock market debut, aiming to raise a record US$75 billion...
SAN FRANCISCO, California: Microsoft said it expects to have commercially useful quantum computers by 2029 after unveiling a new quantum...
LONDON, U.K.: Nigeria's Dangote refinery has built up a significant surplus of jet fuel and is well-positioned to supply markets around...
NEW YORK, New York - Wall Street suffered a dramatic sell-off on Wednesday as a new outbreak of hostilities in the U.S.-Iran conflict...
TOKYO, Japan: Severe tropical storm Jangmi hit Japan on June 3, bringing strong winds and heavy rain that disrupted transport and businesses...
WASHINGTON, D.C.: The U.S. travel industry is warning that any move to halt the processing of international passengers and cargo at...
The trip to Pyongyang comes weeks after the Chinese leader hosted the Russian and US presidents in Beijing Chinese President Xi Jinping...
New Delhi [India], June 5 (ANI): The Lufthansa Group welcomes the decision of the Federal Republic of Germany to abolish airport transit...
Paris [France], June 5 (ANI): Indian Air Force Chief Air Chief Marshal AP Singh concluded a three-day official visit to France, reaffirming...
(Photo credit: Bill Streicher-Imagn Images) The cost of security for the World Cup is prohibitive and might not be enough to halt...
