Investors across Asia have been largely shut out of the world¡¯s largest-ever initial public offering, which has forced them to find creative ways to make bets on SpaceX¡¯s $75 billion global spectacle.
With no direct access to the IPO, traders from Seoul to Shanghai are piling into companies along the space supply chain, industry-themed exchange-traded funds (ETFs) and Nasdaq 100 Index-tracking funds in hopes of eventually capturing some of the gains that many expect once SpaceX shares hit the market.
¡°We have seen rising curiosity from clients across unusually diverse trading profiles and risk appetites,¡± said Hebe Chen, an analyst at Vantage Global Prime. ¡°The level of interest around SpaceX feels less like a normal IPO inquiry and more like investors trying to secure a seat before the rocket leaves the launchpad.¡±
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