Key facts
- SpaceX's IPO is anticipated to value the company at $1.75 trillion.
- Up to 30% of the IPO shares may be allocated to retail investors.
- Direct access to the IPO is restricted in Hong Kong and mainland China.
- Asian investors are purchasing shares of companies supplying SpaceX components.
- European investors are seeking methods to participate in the IPO.
- Companies linked to SpaceX's supply chain have experienced notable stock price increases.
SpaceX's anticipated initial public offering, with an expected valuation of $1.75 trillion and a potential $75 billion deal size, is generating significant interest from retail investors globally. The company is considering allocating as much as 30% of its shares to individual investors, a notable departure from typical IPO structures. However, direct access to the IPO is restricted in regions like Hong Kong and mainland China, prompting investors to seek alternative ways to participate in the potential rally.
In Asia, retail investors are actively buying shares in companies identified as suppliers to SpaceX's Starlink and rocket programs. Companies such as China's Sunway Communication and Western Superconducting Technologies, along with Taiwan's Chin-Poon Industrial, Wistron NeWeb, and Universal Microwave Technology, have seen their stock prices surge. Shenzhen-listed Lens Technology also experienced a significant rise after flagging commercial space as a growth area, further fueled by its chairman's presence at a Beijing banquet alongside Elon Musk and U.S. President Donald Trump.
European companies like Eutelsat, OHB, and SES have also posted double-digit gains this year. The market has also seen a flurry of space-themed ETF listings, including the Tema Space Innovators ETF, which holds pre-IPO SpaceX shares. Despite the retail frenzy, strategists note that institutional investors have shown limited appetite, viewing the phenomenon as largely driven by traders.