Kweichow Moutai has refuted claims of its involvement in SpaceX's Series A funding round. The denial follows market rumors suggesting the Chinese liquor giant's participation in the financing. Moutai labeled the reports as "false information" after being contacted by Shanghai Securities News for confirmation.
Despite the rumors, Kweichow Moutai's stock saw a significant rise, closing at 1,437.72 yuan per share, marking an 8.61% increase. The company's market capitalization now exceeds 1.8 trillion yuan.
Kweichow Moutai Denies Investment in SpaceX's Series A Funding
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