PANews reported on January 29th that, according to the Shanghai Securities News, rumors circulated in the market today claiming that "Kweichow Moutai has confirmed its participation in SpaceX's Series A financing round." The Shanghai Securities News contacted Kweichow Moutai for verification. Moutai responded that the news was "false information."

As of the market close on January 29, Kweichow Moutai's stock price was 1,437.72 yuan per share, up 8.61%, with a total market capitalization exceeding 1.8 trillion yuan.