Its possible, but the fact that they applied for a US license that was denied makes any actions taken by a foreign headquartered company look fishy. At the very least, the US based portion of the company is still responsible for following the law in the US and the foreign country would be held responsible for approving the launch of a dangerous satellite if there is ever a collision. Considering that the founder and the employees live and work in California there probably isn't a foreign headquarters and probably isn't approval from a foreign country.