Why SpaceX launch on Nasdaq matters to Australian investors | The Business | ABC NEWS
The Australian prospectus for Elon Musk’s aerospace and transport company – SpaceX – is likely to land with the corporate regulator ASIC within days.
Managers of exchange-traded funds on the ASX are eager to get their hands on the stock that’s scheduled to list on the Nasdaq on June 12.
If the IPO raises $US75 billion as expected – the SpaceX listing will be the largest public offering in history, and could see Elon Musk become the world’s first trillionaire. BetaShares plans to include the company in some of its ETFs.
BetaShares senior investment strategist Cameron Gleeson says SpaceX could be an attractive proposition to Australians because for investors looking at the ASX post-budget and CGT changes, they will likely seek to prioritise income or maybe better off using income-oriented investing rather than growth-oriented investing.
He says SpaceX could be that, and “there’s no substitute for an asset that can deliver superior returns”, he said.
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Read more here: https://www.abc.net.au/news/2026-05-25/asx-markets-business-live-news-monday-may-25/106716214
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