Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore
“Hey Musk, we invested $5 million in your company. We’ll invest 5 more if you give us some of your earlier rocket designs”
Which would probably be an ITAR violation as a dual use technology export (dual use as in it has military value) if not something more serious, hence the secrecy
Violating ITAR for 5 million dollars seems like it would be a irresponsibly reckless risk for SpaceX to take. And it’s not like SpaceX are short on cash. That’s like, 5 hours of Starlink revenue.
I pulled those numbers out of nowhere, it could be billions instead, and would’ve been going on long before starlink. China did make a lot of advances with their rockets in a time period that makes sense
“Hey Musk, we invested $5 million in your company. We’ll invest 5 more if you give us some of your earlier rocket designs”
Which would probably be an ITAR violation as a dual use technology export (dual use as in it has military value) if not something more serious, hence the secrecy
Violating ITAR for 5 million dollars seems like it would be a irresponsibly reckless risk for SpaceX to take. And it’s not like SpaceX are short on cash. That’s like, 5 hours of Starlink revenue.
I pulled those numbers out of nowhere, it could be billions instead, and would’ve been going on long before starlink. China did make a lot of advances with their rockets in a time period that makes sense