Unable to invest in SpaceX? Asian investors are turning to industry chains and related ETFs.

Elon Musk's SpaceX (SPCX.US) is about to go public, and Asian investors are rushing to invest in related ETFs and supply chain companies in order to seize the epic IPO windfall. Around the world, stocks of satellite and rocket-related companies are soaring: from Starlink component manufacturers to ETFs holding SpaceX shares, all are attracting funds. The massive IPO this time will have a higher proportion of allocation to retail investors than usual. Reports indicate that SpaceX is considering allocating up to 30% of its shares to retail investors. SpaceX's IPO is scheduled to price on June 11th, with trading starting the next day on June 12th. The company plans to issue 5.556 billion shares at a fixed price of $135 per share, aiming to raise approximately $75 billion, with a target valuation of around $1.75 trillion. This deal is expected to create the largest IPO in history. However, some retail investors in Asia are restricted from participating in this IPO, so traders are looking for local suppliers to capitalize on the rising market driven by SpaceX. Stocks of concept companies in A-shares such as Shenzhen Sunway Communication (300136.SZ) and Western Superconducting Technologies (688122.SH), suppliers of Starlink ground terminals and rocket special metal materials are attracting attention. Lens Technology (300433.SZ), a supplier of Apple Inc. and Tesla, Inc., has seen its stock price surge by nearly 50% this year, reaching a historic high. The company had previously identified commercial space travel as a new growth engine. The enthusiasm in the optical field further boosts market sentiment: in May of this year, at a banquet welcoming U.S. President Trump in Beijing, Lens Technology's Chairman Zhou Qunfei sat at the same table with NVIDIA Corporation founder Huang Renxun, Apple Inc. CEO Cook, and Tesla, Inc. CEO Musk, sparking speculation that the company may deepen its business cooperation with Musk's companies. Jeffrey Chen, director of Central Capital Assets in Hong Kong, stated, "Local retail investors are almost impossible to subscribe to this IPO directly." He added that SpaceX is almost a "must-have asset" for global growth funds. Reports indicate that underwriters responsible for underwriting the SpaceX IPO have been informed not to allow customers from mainland China and Hong Kong (including private bank clients) to participate in the subscription due to so-called "regulatory and compliance risks." Space stocks take off collectively Many European companies, including French satellite operator Eutelsat, German satellite manufacturer OHB, and Luxembourg satellite operator SES, have seen double-digit increases in their stock prices this year. In addition, space-themed ETFs have also been listed one after another: The Tema Space Innovators ETF, launched in March, has risen by 29%, with SpaceX shares accounting for 6.49% of its holdings; The Tradr 2x Fly Long Daily ETF bets on last year's loss-making space company Firefly Aerospace (FLY.US), which achieved the world's first commercial lunar landing. Although it is highly volatile, it is highly sought after due to the potential for profits. Strategists warn that this round of market trends is mainly driven by retail funds, while institutional investors are currently cautious. Nicholas Smith, a strategist at Lyon Securities in Japan, said, "For traders, this is a great story, but I don't think anyone will heavily bet on it." Taiwanese suppliers in demand In the Asian market, investors see Taiwan as an important channel for laying out the SpaceX supply chain. The local area is home to satellite component manufacturers such as Jingpeng Industrial, Qisda Technology, and Shengda Technology, all of which have confirmed supplying components to the rocket company owned by Musk. Jeffrey Chen of Central Capital Asset Management stated that companies like Wacon Electronics, Tongxin Electronics, Jinbao Electronics in Taiwan, and Meiko Electronics in Japan are popular indirect targets in the Asian market for SpaceX investments. Nick Wilcox, Managing Director of Stock Trading at Man Grou, noted that the funds raised from this IPO will gradually be transmitted along the industry chain. Wilcox added, "We will see SpaceX establish closer relationships with suppliers to facilitate the next phase of capital expenditure. Many Asian companies will benefit greatly from this."