SpaceX IPO: Indians queue up to invest more in US stocks

The euphoria around the public listing of Elon Musk’s SpaceX has piqued the interest of Indian investors in US stocks, with stockbroking platforms offering international stocks reporting a 20-25% surge in trading volumes.

More than a fifth of the trading volumes since SpaceX’s listing on Friday were for buying shares of Musk’s rocket company, platforms such as Vested Finance and IndMoney said.

“About 20% of trading volumes yesterday was just SpaceX, even though it listed mid-way into the US markets,” Nikhil Behl, chief executive officer, stocks, at IndMoney, said on Sunday. The participation was broad-based across both new and existing investors, he added.


Also Read: Elon Musk recalls SpaceX’s journey from mere 10% chance of success to the world’s biggest IPO

SpaceX raised $75 billion in its initial public offering (IPO) at a valuation of over $1.7 trillion. The company shares opened at $150 per share and at its peak achieved a valuation of more than $2 trillion.

Vested said 25% of all the users who traded in international stocks on the platform since late on Friday traded in SpaceX stocks while 15% of the total trading volume was for SpaceX shares. Overall trading volume was up 22%, it said in a statement.

While the SpaceX IPO made Musk the world’s first trillionaire, the euphoria around it is prompting several Indian investors to consider overseas investments, trade insiders said.

Also Read: SpaceX: Five key moments, from first launch to Starship megarocket

“A lot of new investors joined these platforms building up to the IPO of this company,” a top executive at a domestic broking firm said. “Overall, the number of new investors joining the platform would go up significantly by the end of this month.”

The platforms are yet to compile their numbers in real terms, but the industry expects the momentum to continue for the entire week as there is a lot of chatter around SpaceX listing among Indian traders who wanted to grab a share of the pie.

The enthusiasm in SpaceX is reflective of the larger trend around many AI companies, space-tech firms and other new-generation startups raising billions of dollars and peaking their valuations in the US.

Also Read: States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX

Companies like Stripe, OpenAI, Anthropic and Databricks are all expected to go public over the next few years, which could drive more investor interest in the coming years, industry insiders feel.

As per regulatory norms, Indians are allowed to ship $200,000 out of the country in a year under the liberalised remittance scheme (LRS). According to the Reserve Bank of India, in March 2026, under LRS Indians invested $440 million into global equity and debt investments. This number was up 43% from $306 million in March 2025.

This comes at a time when regulations have also become friendly for buying shares of US-listed companies through the Gift City route. Platforms like Vested Finance and IndMoney, through the Global Access Provider (GAP) licence, have set up entities in Gift City, offering international investment opportunities for Indians.

Founded in 2015, Mumbai-based Vested specialises in international stocks, exchange-traded funds and private market investments. As of April 2026, Vested said it has facilitated over Rs 25,000 crore in trading volume.

Tiger Global and Steadview-backed IndMoney was co-founded in 2018 by Ashish Kashyap who was previously the founder of GoIbibo.

Behl of Gurgaon-based IndMoney believes that the enthusiasm has not peaked yet and through the coming week, volumes in international trades will continue to be high.