Chinese investors are not allowed to buy SpaceX shares

The blockade applies to both public and private investors from Hong Kong and China, the news agency reports.

Investment banks Goldman Sachs and Morgan Stanley are leading the effort to sign agreements to purchase SpaceX shares ahead of the listing. The banks have declined to comment on the report.

SpaceX's IPO on the Nasdaq in New York looks set to be the largest ever. The company is targeting a valuation of nearly $1.75 trillion (1,750,000,000,000) and is aiming to raise nearly $75 billion through a new share issue in conjunction with the IPO.