SpaceX IPO LIVE updates: All eyes on Elon Musk’s SpaceX IPO listing after blockbuster demand

For investors tracking SpaceX IPO listing from India, the listing will occur at 7 pm today.

A SpaceX listing, if it materialises at the rumoured scale, would be the most significant deep-technology IPO of the decade, and arguably the largest single absorption of growth capital outside financial services since the run of mega Chinese tech offerings ended. The investment case is unusually multi-layered. Starlink alone, with its scaling subscriber base, recurring revenue profile, and structural moat around low-earth-orbit constellation density, is a standalone large-cap business. Falcon and Starship launch operations dominate commercial space and underpin a growing government contract pipeline. Optionality on lunar, Mars, and beyond is essentially being underwritten at the cost of patience. The secondary read for India is twofold. First, it validates space as a distinct, investable asset class, which should translate into faster capital availability for the domestic space-tech ecosystem and the listed satellite and propulsion supply chain. Second, the sheer scale of the absorption means a brief liquidity pause across emerging markets is mechanical and largely unavoidable. Whether the offering itself succeeds, at the indicated demand, is largely a settled question. The more meaningful question is how disciplined Indian capital allocators are about not chasing the noise around it.

• Harshal Dasani, Business Head at INVasset PMS

SpaceX is set to begin trading on Nasdaq on Friday, June 12. The company raised a whopping $75 billion from investors via its initial public offering. Elon Musk-led company’s listing is being keenly tracked by investors as it offers exposure to the space, communications and AI space.