There is a new report that brings up a controversial deal that SpaceX reportedly has, and the Elon Musk-owned space company is claimed to have a "secret backdoor" for Chinese investors. The lates claims say that the company has been allowing Chinese investments to fund its operations by allowing these investors to buy stakes from the company.
Alongside this, it was also claimed that SpaceX has been routing the funds and stakes they receive from these alleged Chinese investors to offshore accounts like the Cayman Islands.
SpaceX China Investments: Reports Claims There Is a 'Secret Backdoor'
A report from ProPublica has shared massive claims regarding the "secret backdoor." According to the report, Elon Musk's SpaceX has been accepting Chinese investments over the years.
It has been claimed that SpaceX has business with the East Asian superpower, but it will only accept investments or payments if they route the funds through the Cayman Islands or other similar methods.
This latest report brings a new controversy involving the business magnate, particularly as Musk has been linked to or has ties with China over the past years.
Moreover, the report also added that around four years ago, SpaceX pulled out from a potential $50 million deal with a Chinese firm that planned to buy its money's worth of the space company's stocks. SpaceX reportedly backed out because it wanted to avoid problems with US regulators.
That being said, there is no public record of SpaceX's deals with Chinese investors or firms.
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Elon Musk and His Controversial Issues
Elon Musk is one of the most influential business magnates of this generation, and the billionaire has been embroiled in many controversies over the course of his career. One of the latest ones centers on his work over at the Department of Government Efficiency, as it was revealed that staff working alongside him are earning as much as six digits despite being declared that they are not getting paid.
However, the tech mogul has also been considered as "problematic" by many because of his actions, including his previous antisemitism fiasco over at X which led to massive losses in advertisement partnerships and user base.
Controversy also arose when Mark did "Nazi"-like salute during Donald Trump's celebratory rally.
In the past, Musk has also faced significant criticism for his many claims on Tesla's autonomous driving features, his purchase of Twitter, and his current issues with OpenAI and Sam Altman, to name a few.
