SpaceX is bringing excitement to corners of the world where investors have long been starved of marquee deals.
The enthusiasm in Japan, home to about $15 trillion of household financial assets, is so fervent that the company recently raised its local fundraising target by a quarter to $2.5 billion. That makes it a rare opportunity in a country where there’s only been one initial public offering (IPO) that size or larger since SoftBank’s mega listing in 2018.
SpaceX has earmarked 30% of the $75 billion IPO for individual buyers, setting off a scramble for what many see as a generational investment opportunity, regardless of the recent selloff that’s rocked U.S. technology shares.
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