Global IP, a California satellite operator that holds some valuable orbital slots, recently suffered a hard lesson in Chinese investment strategy. The founders of Global IP allege in a January lawsuit that a nominally private Hong Kong investment group approached the firm with a funding scheme that resulted in China Orient Asset Management Co., a Chinese government entity, taking control of their board of directors via shell companies in the British Virgin Islands. Boeing, which had been manufacturing the high-tech satellites, was caught by surprise and pulled out of the contract.
Question: What degree of investment-based control does China hold over SpaceX?