* SpaceX IPO marketing materials inacessible, Reuters
review finds
* Cloudflare ( NET ) says rare block is likely a company decision
* Musk's China popularity contrasts with U.S. scrutiny
over alleged Chinese investment
By Summer Zhen and Kane Wu
HONG KONG, June 5 (Reuters) - SpaceX's website and IPO
marketing documents were not accessible on Friday in Hong Kong
and mainland China, a Reuters review showed, a step that
threatens to curb participation by investors there in a listing
expected to be the world's largest.
Elon Musk's SpaceX aims to raise $75 billion, the
most globally in an IPO, in a deal that would value the company
at $1.75 trillion, immediately vaulting it into the ranks of the
10 most valuable U.S.-listed firms.
The company kicked off marketing roadshows on Thursday in
New York and the IPO papers were posted on its website,
accessible to users in most major Asian markets, except for
mainland China and Hong Kong, the Reuters review showed.
Both institutional and retail investors access a company's
IPO marketing material to better acquaint themselves with the
business and financial details of such candidates, to ensure
they pick the best investment prospects.
Reuters could not immediately establish why and since when
the website of SpaceX, the rocket, satellite and AI company,
and the IPO material were restricted in mainland China and the
world's No.1 wealth hub of Hong Kong.
SpaceX did not immediately respond to Reuters request for
comment outside U.S. working hours.
Spokespersons for the IPO's lead banks, Bank of America ( BAC )
, Citigroup ( C ), Goldman Sachs ( GS ), JPMorgan ( JPM )
, and Morgan Stanley ( MS ), did not immediately respond
to Reuters requests for comment.
COULD BE FIRST U.S. MARKET DEBUT ABOVE $1 TRILLION
The SpaceX IPO has generated global interest and the listing
could become the first U.S. market debut in excess of $1
trillion, which would immediately make it one of the world's
most valuable publicly traded companies.
Besides a long list of Wall Street giants, Japan's Mizuho
and Macquarie Capital in Australia are involved in managing
SpaceX's IPO in Asia Pacific, the roadshow presentation showed.
An "Error 1009" message was displayed in response to
attempts to access the company website and marketing material
both in mainland China and the global financial centre of Hong
Kong, the Reuters review showed.
Web security provider Cloudflare ( NET ) said the most common
explanation for the error was that the website owner "has
banned" the country or region of the related IP address from
access.
Such a block is usually a company decision, said Francis
Fong, honorary president of the Hong Kong Information Technology
Federation.
While Hong Kong users have also been unable to access some
U.S. government websites in recent years, such cases are rare
for major companies, he added.
Musk is a household name in China, the world's
second-largest economy, where the success of his Tesla electric
vehicles makes one of the most popular foreign business figures.
In February, two Democratic U.S. senators urged the Pentagon
for an immediate review of SpaceX amid accusations that Chinese
investors had secretly acquired stakes in the closely held
rocket maker, citing potential national security risks.