Investors across Asia have been largely shut out of the world’s largest-ever initial public offering, which has forced them to find creative ways to make bets on SpaceX’s $75 billion global spectacle.
With no direct access to the IPO, traders from Seoul to Shanghai are piling into companies along the space supply chain, industry-themed exchange-traded funds (ETFs) and Nasdaq 100 Index-tracking funds in hopes of eventually capturing some of the gains that many expect once SpaceX shares hit the market.
“We have seen rising curiosity from clients across unusually diverse trading profiles and risk appetites,” said Hebe Chen, an analyst at Vantage Global Prime. “The level of interest around SpaceX feels less like a normal IPO inquiry and more like investors trying to secure a seat before the rocket leaves the launchpad.”
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