SpaceX is listing on Nasdaq on June 12, raising $75 billion at a $1.75 trillion valuation in what will be the largest IPO in financial history. For context, Saudi Aramco’s 2019 offering raised $25.6 billion and held the previous record. SpaceX is nearly three times that size.
The company behind it needs little introduction. Elon Musk’s space and satellite internet business now conducts more rocket launches annually than the rest of the world combined, counts over nine million Starlink subscribers, and following a 2026 merger, also owns xAI, the maker of Grok. Full-year revenue is forecast at approximately $20 billion.
Who Is Getting Rich
Polymarket estimates the offering will create approximately 4,000 new millionaires, a group that stretches from senior executives down to engineers and cafeteria workers who received equity over years of employment. SpaceX has allocated roughly 30% of the issue, around $22.5 billion, to retail investors, triple the industry norm. CFO Bret Johnsen called it the largest retail participation in IPO history. US-based platforms including Fidelity, Robinhood, SoFi and Charles Schwab are facilitating access at the offer price of $135 per share.
Can Indians Invest
The short answer is not at the IPO itself. India is not included in the direct retail allocation list, which covers the US, UK, EU, Australia, Canada, Japan and South Korea. Indian brokerages are not part of the syndicate and domestic securities law does not allow platforms to facilitate foreign IPO applications without specific regulatory approvals.
Post-listing, however, there are legitimate routes. The most direct is reportedly through RBI’s Liberalised Remittance Scheme, which allows Indian residents to remit up to $250,000 annually for overseas investments through platforms. The caveat is that purchases happen at the secondary market price, not the IPO allotment price of $135. Indian investors can also gain exposure through global feeder funds, space technology ETFs that include SpaceX post-listing, or indirectly through Tesla.
What to Watch
The IPO prices on June 11 and trading begins June 12. Fifteen days after listing, SpaceX enters the Nasdaq 100, triggering an estimated $22 to $27 billion in forced mechanical buying from every QQQ index fund in the world. That rebalancing, expected around early July, is the event institutional investors are positioning for right now.
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