Chinese investors privately pour millions into Elon Musk's companies

Chinese investors have funneled tens of millions of US dollars into Elon Musk’s private companies through special purpose vehicles to avoid scrutiny amid strained US-China relations, the Financial Times reported.

Special purpose vehicles are separate legal entities created for a specific purpose -- in most cases, for investment.

Citing three China-linked asset managers, the report said they have sold stakes worth over US$30 million (HK$234 million) in Musk’s firms -- including SpaceX, xAI and Neuralink -- to investors in the past two years.

The investments are primarily profit-driven rather than aimed at technology transfer or influencing public policy, the report added.

STAFF REPORTER