Asset managers have been promoting tech mogul’s ties to Donald Trump to lure capital to xAI, Neuralink and SpaceX

Archive: https://archive.is/2025.03.09-063818/https://www.ft.com/content/66857e1e-a217-4ddd-8332-d9f0f75aa459

Wealthy Chinese investors are quietly funnelling tens of millions of dollars into private companies controlled by Elon Musk using an arrangement that shields their identities from public view, according to asset managers and investors involved in the transactions.

Since Musk was named a key figure in US President Donald Trump’s drive to remake the US government, China-based asset managers have been promoting the pair’s relationship as an enticement to raise capital from rich Chinese. The money is flowing into Musk’s non-public ventures including xAI, Neuralink and SpaceX, the world’s most valuable private company.

The investments are being placed through opaque structures known as special-purpose vehicles, which have the benefit of concealing the investors’ identities, to avoid the ire of US authorities and companies wary of Chinese capital during a nadir in relations between the two countries.

  • LeninOnAPrayer@lemm.eeEnglish
    8·
    19 hours ago

    Damn. It’s almost like China has its own portion of its own capitalist class and they see class solidarity with the billionaires of our country. For which they have much more solidarity with than the leaders of their own country mind you.

    Maybe we should stop looking at things as “China bad” and more so understand that the interest of the workers of America and the Workers of China (and all the world) are not what our ruling class is interested in. They are interested in their class interest.

    This isn’t an indication of “Elon is bad” (he is) but focusing on “Elon is bad because China” and ignoring the capitalist interests is just ignorant xenophobic bull shit.