Chinese Investors Privately Take Stakes in Elon Musk's Companies, FT Reports
Wealthy Chinese investors are funneling tens of millions of dollars into private companies controlled by billionaire Elon Musk, using an arrangement that shields their identities from public view, the Financial Times reported on Sunday.
The investments are being placed through special-purpose vehicles to avoid the ire of U.S authorities and companies wary of Chinese capital during a low-point in relations between the two countries, the report said, citing asset managers and investors involved in the transactions.
Three Chinese-backed asset managers told the Financial Times that they had sold more than $30 million of shares in SpaceX, xAI and Neuralink, three Musk-controlled private technology companies, to investors over the past two years.