Why SpaceX may not be a model for Chinese companies to copy

China should not try to copy SpaceX despite the US company’s successful IPO, a leading economist has said. The company raised US$75 billion when it went public on Friday and made its chief executive Elon Musk the world’s first trillionaire. But Shen Yingchun, a professor at Beihang University, told Beijing Daily: “China does not need to and cannot copy SpaceX.” She said “the strength of the US mod