SPACEX IPO EXCLUDES CHINA AND HONG KONG CAPITAL
SpaceX is blocking investors from China and Hong Kong from its $75B IPO, instructing underwriters to reject related orders, according to Bloomberg. Access from parts of Hong Kong and Shanghai was also reportedly restricted. The move is linked to US ITAR rules covering defense technology exports. The decision reflects rising US tech-sector caution over Chinese capital due to national security and data concerns.
@MarkYusko Like that $322B revenue # from $GS - it's almost like Elon called somebody over there and said "HEY - $3.2B isn't going to cut it" and they said, "how much do you need...? will 100X do for now?
https://t.co/sJuHTKkQey
@soup12171958 Nah, it's the overall fraud going on, they are testing the market, if the suckers will pay $175 and $1.7T for $SPCX - they think "our stock should be trading much higher, the have their pumpers bid it up there and see if it flies..."
Everything I'm looking at today, the IPOs, $AVGO, $CRWD and some of these really stupid small cap spikes like $FOXX and I come to one conclusion, these are signs of EXHAUSTION...
The worst thing a company could possibly do is have an account of one of these blood-sucking entities. Companies are SHOCKED by the SHEER SIZE of the bills
Early restrictions on tools like ChatGPT were mostly about data security/IP leaks (Apple, Samsung, banks in 2023).
Lately cost is driving pullbacks:
- Microsoft canceling most Claude Code licenses for engineers in key divisions (Windows/M365 etc.) by June 30 as bills rose, shifting to GitHub Copilot CLI.
- Uber burned its full 2026 AI coding budget in 4 months after fast adoption; COO now questions direct productivity link.
- Amazon shut down internal "tokenmaxxing" leaderboards.
You're right — runaway token spend without controls hurts. Companies are tightening governance for real ROI. For IPOs, unit economics and cost discipline will separate winners from hype.
Say A.I. fans and everyone who intends to buy these upcoming IPOs - Ask @grok Which companies told their employees to cut back or stop using A.I.?
Chomp on that answer for awhile - it's not just about security, it's about COST
@jonbrooks They are going to do a lot of math in a lot of places and come to the conclusion is that the only place they can afford to live is Florida... evidently this applies to billionaires as well.