SpaceX, OpenAI IPOs: Indian Investors Eye US Tech Boom

Upcoming public listings from major global tech companies like SpaceX, OpenAI, and Anthropic are set to boost Indian retail investment in US stocks. Fintech and broking firms are already seeing strong interest in these companies. Investment platform smallcase anticipates a fivefold growth in global investing activity due to the strong pipeline of US IPOs. INDmoney reports a tenfold increase in searches for SpaceX on its platform. HDFC Securities also notes rising interest, with 80 percent growth in global investing over the last year. SpaceX might launch its IPO as early as June 12, aiming to raise around $75 billion at a valuation of nearly $1.75 trillion. This could be one of the largest stock market listings ever. OpenAI and Anthropic also expect IPOs later this year. Indian investors are drawn to US markets for exposure to sectors like artificial intelligence and space technology, which are less available in India. The Nasdaq index has delivered nearly 40 percent returns in the past year. The GIFT City route is making global investing easier for Indians, offering lower transaction costs. This trend reflects a growing global appetite for cutting-edge technology investments.