Key facts
- SpaceX's IPO has led to a 20-25% increase in trading volumes for Indian investors on international stock platforms.
- SpaceX shares represented a significant portion of trading activity, with some platforms reporting over 20% of volumes dedicated to the rocket company.
- The surge in interest is attributed to the euphoria surrounding SpaceX's public listing and the potential for future tech IPOs.
- Indian investors are utilizing the Liberalised Remittance Scheme (LRS) and Gift City route to invest in US stocks.
- The total Indian investment in global equities and debt via LRS saw a substantial year-on-year increase.
The recent initial public offering (IPO) of Elon Musk's SpaceX has significantly amplified interest among Indian investors in US equities. Stockbroking platforms facilitating international investments have reported a notable surge in trading volumes, ranging from 20% to 25%.
Platforms such as Vested Finance and IndMoney indicated that shares of SpaceX constituted a substantial portion of this increased activity. Nikhil Behl, CEO of Stocks at IndMoney, stated that SpaceX alone accounted for approximately 20% of trading volumes on Sunday. Vested reported that 25% of its users trading international stocks engaged with SpaceX, with the company's shares making up 15% of the total trading volume.
This heightened interest is not only driven by the SpaceX IPO but also reflects a broader trend of Indian investors exploring overseas investment opportunities. The euphoria surrounding SpaceX, which raised $75 billion at a valuation exceeding $1.7 trillion, is prompting more new investors to join these platforms. Industry insiders anticipate this momentum to continue throughout the week, fueled by discussions among Indian traders eager to participate in high-profile listings.
The enthusiasm for SpaceX is seen as indicative of the growing investor appetite for new-generation startups, including AI and space-tech firms, that are raising significant capital and achieving high valuations in the US. Future IPOs from companies like Stripe, OpenAI, Anthropic, and Databricks are expected to further drive this trend.
Indian investors are able to invest in US stocks through the Liberalised Remittance Scheme (LRS), which allows them to send up to $200,000 abroad annually. In March 2026, Indian investments in global equity and debt under LRS reached $440 million, a 43% increase from the previous year. Platforms like Vested Finance and IndMoney have also established entities in Gift City, leveraging a Global Access Provider (GAP) license to offer international investment opportunities.