The insatiable investor demand for Elon Musk’s SpaceX will be music to the ears of another billionaire half a world away.
In India, Mukesh Ambani’s digital empire is headed for an initial public offering expected to be the biggest in the nation’s history. Until recently, the tycoon’s team may have wondered if the knock-on effects of the Iran war would choke the liquidity required for Jio Platforms Ltd.’s IPO. But with global institutions writing $10 billion checks for Musk’s rockets and satellites, it’s clear there is no dearth of demand for mega-tech; or for tech-adjacent businesses like Ambani’s data carriage, e-commerce, and media play.
