SpaceX effect: Indian millionaires and family offices hunt for the next big US frontier-tech payoff

Indian family offices and ultra-high net worth individuals are stepping up allocations to unlisted US frontier-tech and AI companies after SpaceX delivered paper returns of 20x to 100x on early bets. Average ticket sizes are around $150,000 to $200,000 for individuals and can reach $50 million to $100 million for family offices, with interest widening beyond large language model names to firms like Stripe, Shield AI, Anduril, Revolut, Whoop, Epic Games and Kraken. Wealth managers cite FOMO on the global AI rally and relatively muted Indian market returns over the past two years as key drivers of the offshore diversification trend.