SpaceX Is Suspected Of Secretly Selling Shares To Investors From China

The Pentagon will take over.

The Senate called on the Pentagon to immediately audit SpaceX over the possible purchase of company shares by Chinese investors, which could pose a threat to U.S. national security.

This was reported by Reuters.

Democratic senators Elizabeth Warren and Andy Kim said in a letter to U.S. Defense Secretary Pete Hagset that media reports and court testimony may show opaque investments from China through offshore structures in the Cayman Islands and British Virgin Islands that allegedly allowed Chinese funds into SpaceX's ownership structure.

The lawmakers stressed that SpaceX, which was founded by Ilon Musk, has a key role in US national security - the company provides military and reconnaissance satellite launches, and operates the Starlink network used by the Pentagon (as well as to support Ukraine's defense). That's why, they argue, any foreign influence could jeopardize sensitive technology and information.

Warren and Kim are demanding that the U.S. Department of Defense clarify the scope of potential Chinese ownership in the company and determine whether it falls under the U.S. Foreign Ownership Controlling Influence (FOCI) rules and whether there should be foreign investment review by the Committee on Foreign Investment in the United States (CFIUS). They expect a response by February 20.

The letter also mentions SpaceX's recent merger with xAI, which the senators say reinforces the need for scrutiny because the merger of artificial intelligence, space and communications technologies could make the company even more vulnerable to potential influence from foreign investors.

SpaceX has not yet provided comment on the scrutiny request.

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