SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company.
Retail investors are set for a larger-than-usual slice of the big-ticket IPO, with SpaceX considering allocating as much as 30% to individual investors.
However, with restrictions in parts of Asia on how retail investors may access the IPO, traders are scoping out regional suppliers to ride the SpaceX-driven rally.
Investors in Asia are turning to companies such as Sunway Communication and Western Superconducting Technologies, suppliers to Starlink ground terminals and rockets respectively.
Shares of several European companies, including French satellite operator Eutelsat, German satellite maker OHB and Luxembourg-based SES, have posted double-digit gains this year.
Taiwan is seen as a key gateway to the SpaceX supply chain, with companies such as Chin-Poon Industrial, Wistron NeWeb and Universal Microwave Technology supplying parts to Musk's rocket company.
