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 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. Crypto investors have been pushing up SpaceX perpetual futures, while some platforms have offered more exotic derivatives.
