Key facts
- Asian investors are largely shut out of SpaceX's record IPO.
- Traders are investing in companies along SpaceX's supply chain, industry-themed ETFs, and Nasdaq 100 funds.
- SpaceX perpetual futures and contracts-for-difference are being used to speculate on the company's valuation.
- Suppliers like Sunway Communication and WNC Corp have seen significant stock price increases.
- SpaceX perpetual futures imply a valuation exceeding $2.2 trillion, while CFDs suggest $2.4 trillion.
Investors across Asia, largely excluded from SpaceX's record-breaking initial public offering, are pursuing creative strategies to gain exposure to the company's valuation. With direct access limited, traders are focusing on companies within the space supply chain, industry-themed exchange-traded funds, and Nasdaq 100 Index-tracking funds.
Derivatives markets are also seeing significant activity. SpaceX perpetual futures on crypto venues are trading at prices implying a valuation well above $2 trillion, while platforms like IG International offer contracts-for-difference that allow speculation on pre-IPO company valuations, with some pricing SpaceX's market value at $2.4 trillion.
In South Korea, retail investors have sought allocations through private placements, while others are investing in suppliers. Companies like Sunway Communication, which supplies Starlink components, have seen gains of 60% this year. Similarly, Taiwanese suppliers such as WNC Corp have surged, with WNC Corp up 175% year-to-date.
Space-focused ETFs, including the ARK Space and Defence Innovation ETF, are also attracting substantial inflows, with some consistently holding SpaceX shares.