Elon Musk’s SpaceX Took Money Directly From Chinese Investors, Company Insider Testifies

For the first time, the recent testimony from SpaceX Insider has been published for the first time in the privately organized company during the court case. There is no restriction on Chinese ownership among US military contractors, but such investment is heavily controlled and treated by the subject US government As a significant national protection concern.

“Obviously Chinese investors have to be honest,” Iqbaljit Kahlon, a major spacex investor, said in one Statement Last year, add some “straight cap table” to add some. The “Cap Table” refers to the company’s capital table, which listed its shareholders.

Kahlon’s testimony does not reveal Chinese investment opportunities or investors’ identity in spacex. Kahlon has long been close to the company’s leadership and manages his firm, who wants to buy SpaceX shares as a mediator of rich investors.

SpaceX keeps its entire ownership structure secret. It was Report Some Chinese investors who bought the indirect partner in SpaceX, investing in mediation funds, owned by the rocket company. The new testimony describes direct investment that suggests a close relationship with SpaceX.

SpaceX has been rich from creating a spy satellite for the Pentagon to launch the spacecraft for NASA. The US Embassy and the White House Company Starlink are also connected to Internet services. Wicker About 42% The price of company partnership is approximately $ 168 billion. If he doesn’t have anything else he will be one of the 10 richest people in the world.

National security law experts say federal officials will probably be deeply interested in understanding Chinese investment directly in SpaceX. The reason for the concern will depend on the details, but they say, but the US government has selected that the sensitive industry has systemic techniques to manage spying.

If investors have access to non -promotional information about the agency – say, its contract or supply discipline – it can be effective for Chinese detectives, saying that Professor Sara Baurel Dunjman, a professor at Indiana University working for foreign investment for the State Department. It will create “a huge risk that would be a huge consequence for national protection if it was realized,” he said.

SpaceX did not answer the question for this story. Kahlon refused to comment.

The records of the new court come from the Delaware case litigation between Kahlon and another investor. This testimony was sealed up to the propabolika till the propabolika, with the help of lawyers of the freedom committee of the Press and the law firm Shawar, to make it public in the spring. SpaceX fought against the effort, but a judge ruled that some records had to be released. Kahlon’s testimony was filed publicly this week.

Buying shares in SpaceX is much more difficult than buying a piece of public trade company like Tesla or Microsoft. The SpaceX has control over who can buy part and the company’s investors fall into different sections. The most rare group is direct investors who actually own SpaceX shares. These groups include funds led by Kahlon, Peter Thiel and A handful of other initiatives of the capitalists. Including personal relationships with muskThe Then there are indirect investors who effectively bought stakes in SpaceX through an intermediary like Kahlon. (Indirect investors actually bought in a fund run by the Middleman, usually pays a fat fee.) All Chinese investors known as SpaceX were read in the next section.

This year, Reported by Propabolika An unusual feature of SpaceX method for investment from China. According to the testimony of the Delaware case, the company allows Chinese investors to buy steak in SpaceX so long until the money is driven through the CaMan Islands or other offshore privacy centers. Companies should actively report Chinese investments to the government only in limited situations and have no strict and fast rules about how much more.

After the report of propabolika, House Democrats sent a letter Defense Secretary Pitt Raises the alarm on the company’s “possible exhaustion” of the company. “In the light of the extreme sensitivity of SpaceX for DOD and NASA, this lack of transparency raises serious questions,” they wrote. It is unclear whether an action was taken as a response.

Kahlon has made SpaceX the access to the stock into a profitable business. His list of investors reads like an Atlas in the world. Investors’ names have recently been rewritten in the unsile documents, but their addresses extend from Chile to Malaysia. One in Russia At least two are in the mainland China. One is in a row (Kahlon told the Chief Financial Officer of the SpaceX through an email that a Los Angeles-based fund had money from the Qatari royal family and was already invested in SpaceX.)

Four years ago, a China -based Finanner wrote to Kahlon, “You have created a great fortune.” Kahlon responded, “Some LO like this” Thank you. “

According to the court record, Kahlon first met SpaceX when it was a new beginning. SpaceX’s CFO, Brett Johnsen, who had been there for 14 years, testified that Kahlon “was with the company in one form or fashion.” Johnsen further testified that SpaceX had no formal policy on receiving investment from countries considered opponents by the US government. However, he said that he had asked the fund directors to “stay away from the interests of Russian, Chinese, Iranian, North Korea” because it could “win the official agreement” could make it more challenging.

It is indicative that by 2021, Kahlon was careful about funding from China. The US government has become increasingly concerned about Chinese investment in technology agencies and in that June Kahlon told an associate that he was “Picky” with whom he allowed to buy a new SpaceX opportunity. Kahlon said, “Only I want to have a long -term relationship. There is no one from the mainland China.”

But when he ran to combine a pool of investors, these anxieties seemed faded. By November 2021, Kahlon was personally raising money to buy SpaceX steak from China. He told a Shanghai-based agency that if it was investing with it, it would get a quarterly update on SpaceX’s business development, “Inspection at SpaceX and interviews with Space X,” was shown on the record of the court.

According to the court record, the Shanghai company has finally sent Kahlon $ 50 million to invest in a musk business. SpaceX This agreement was canceled after the plan became publicThe