Japanese Securities Firms Go All Out Amid SpaceX IPO Expectations... Rakuten, SBI Prepare Retail Subscription Windows
The possibility of an initial public offering (IPO) by space company SpaceX, led by Elon Musk, is once again emerging as a hot topic in the investment market. A
What to know
- The possibility of an initial public offering (IPO) by space company SpaceX, led by Elon Musk, is once again emerging as a hot topic in the investment market. A

The possibility of an initial public offering (IPO) by space company SpaceX, led by Elon Musk, is once again emerging as a hot topic in the investment market. Although the official listing schedule has not yet been confirmed, the Japanese securities industry is already making preparations for retail investors to participate in the subscription amid predictions that it could be the largest IPO in history. As global investors' interest is highly concentrated on the company even while it is unlisted, a significant influx of capital is expected once the listing process begins in earnest.
[Japanese Securities Firms Go All Out to Prepare Retail Investor Subscription Windows]
In particular, the preemptive moves of the Japanese securities industry are drawing attention. Rakuten Securities announced that it plans to treat SpaceX as a target stock for US stock IPO subscriptions. In addition, SBI Securities and Mizuho Securities are also reported to have begun preparations for related sales. Accordingly, once the public offering schedule is confirmed in the future, Japanese investors are expected to be able to participate in bookbuilding in a manner similar to a general IPO. This is evaluated as a representative example showing the high interest of retail investors in SpaceX, which is not yet listed.
[Key Driver 'Starlink'... Valued at Hundreds of Billions of Dollars]
Currently cited as a company representing the private space industry, SpaceX has significantly lowered launch costs through its reusable rocket, the Falcon 9. In addition, it is expanding its influence in the global communications market through the Starlink satellite internet business.
The market analysis suggests that the value of the Starlink business is acting as the core driver of SpaceX's rising corporate valuation. Already operating in numerous countries worldwide, Starlink has grown into a business that generates stable cash flows alongside an increase in satellite internet subscribers. Some estimate SpaceX's corporate value to be in the range of hundreds of billions of dollars, and this clear growth potential is the reason for the intense investor interest despite the undetermined listing timing.
[Private Sector-Centered Space Industry Reorganization... Trends in Related Domestic Stocks]
Recently, the global space industry has been rapidly reorganizing around private companies. Not only the US government and NASA, but governments around the world are actively stepping up to build space infrastructure, and the markets for satellite communications, space tourism, lunar exploration, and military satellites are also on an upward trend. SpaceX is evaluated as a company at the center of these industrial changes.
Domestic investors are also keeping a close eye on related movements. In the domestic stock market, stocks classified as SpaceX-related shares are consistently receiving attention, and analysis suggests that if expectations for the growth of the aerospace industry expand, interest in related equipment, components, and materials companies will rise concurrently.
However, on the 5th, some theme stocks that had reflected investment expectations for SpaceX underwent a correction in the domestic stock market. Mirae Asset Securities, AJU IB Investment, and Mirae Asset Venture Investment showed weakness as profit-taking sell orders emerged.
[This article was written with the assistance of AI. The information provided in this article is not intended to solicit investment. Any losses resulting from stock investments are the responsibility of the investor, and please ensure you sufficiently review relevant disclosures, corporate performance, and market conditions before making an investment decision.]