SpaceX is set to enter Wall Street with an IPO valued at a whopping $1.75 trillion, according to Business Today. The long-awaited listing has kicked off a rush among retail investors all chasing a slice of its rockets, satellites and AI empire, turning it into one of the most talked-about market moments in recent times. Demand is already so high that bankers have reportedly received twice the number of orders compared to the shares available. The IPO is being called the biggest stock market launch in history.
IPO Mechanics and Valuation
SpaceX shares are expected to list on June 12 on the Nasdaq in New York under the ticker symbol SPCX. The company plans to sell 555.6 million shares to raise around $75 billion. The share price is set at approximately $135 (₹11,000). According to reports, up to a quarter of the shares may be reserved for individual investors, instead of large funds and banks. This is higher than what is usually seen in big IPOs. SpaceX has also reportedly set aside as much as 30%, or about $22.5 billion worth of shares, for retail investors, which is rare for a major listing.
Even those who do not apply for the IPO may still end up owning some indirectly, as changes in some markets, including Nasdaq, could lead to SpaceX being included in index-tracking funds.
Investment Options for Indian Investors
For Indian investors, buying is possible but not through the IPO itself. Indians cannot take part in the direct IPO allotment; instead, they can invest only after the listing through secondary markets using international brokers under the Reserve Bank of India’s Liberalised Remittance Scheme (LRS). Under LRS, Indian residents can send up to $250,000 per financial year abroad for permitted investments, subject to rules. This is a common route used by Indians for overseas investing.
India’s Foreign Exchange Management (Overseas Investment) Rules, 2022 also classify overseas investment into Overseas Direct Investment (ODI) and Overseas Portfolio Investment (OPI). For individuals, overseas investing is allowed within these rules and the LRS limit, as long as it is done through approved platforms and channels.
Key IPO Details at a Glance
| Metric | Value |
|---|---|
| IPO Valuation | $1.75 trillion |
| Listing Date | June 12 |
| Exchange / Symbol | Nasdaq / SPCX |
| Share Price | ~$135 (₹11,000) |
| Shares Offered | 555.6 million |
| Total Funds Raised | ~$75 billion |
| Retail Allocation (max) | Up to 30% (~$22.5 billion) |
| Order Book (demand vs supply) | 2x oversubscribed |
Global Access and Listing Details
Here are the countries where eligible investors may be able to access the shares, depending on local rules: Argentina, Australia, Brazil, Colombia, Denmark, European Economic Area, France, Germany, India, Israel, Malaysia, Mexico, the Netherlands, New Zealand, Norway, Peru, Philippines, Qatar, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, and the United Kingdom.
To participate in the IPO directly, investors will need an eligible brokerage account, meet minimum funding rules, and submit an expression of interest before pricing. Even then, getting shares is not guaranteed. SpaceX has chosen a small number of brokerage firms to distribute IPO shares to retail investors in the United States.
Implications for Finance Professionals
For CFOs and treasury professionals monitoring capital flows, the SpaceX IPO represents a significant event in global equity markets. The $75 billion fundraise dwarfs typical IPOs and underscores the appetite for high-growth technology and space-related assets. Indian investors using the LRS route must ensure compliance with FEMA rules and use approved international brokers. The inclusion of SpaceX in index-tracking funds could indirectly provide exposure even without direct purchase. Given the oversubscription and retail allocation, finance executives should closely watch the listing for potential volatility and its impact on broader market sentiment.
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