GeneralNeutralFortune Crypto · 4h ago6/10
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‘China follows Musk very closely’: While SpaceX blocked Chinese investors from IPO, China’s space firms prep their own as a counterweight
China is accelerating its commercial space sector development to counter SpaceX's dominance, with domestic firms preparing IPOs and competing in satellite and rocket launch markets. This geopolitical competition reflects broader U.S.-China tech rivalry, particularly after SpaceX excluded Chinese investors from its recent funding rounds.
