MediumNeutral
Announced Sat, 13 Jun · 12:13 IST
SpaceX has taken Wall Street by storm. Here's how Indian stock market investors can invest in Elon Musk-led company
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
SpaceX debuted on Nasdaq with shares surging 19% to close around $161, lifting its market cap above $2 trillion. The article explains that Indian retail investors cannot directly apply in US IPOs but can buy SpaceX shares post-listing through international investing platforms or GIFT City's NSE International Exchange, subject to the RBI's Liberalised Remittance Scheme cap of $250,000 per financial year. It also flags valuation risks, noting SpaceX is valued at nearly 100x trailing sales with near-term profitability not expected.