SpaceX's $75 billion IPO has grabbed global attention, becoming the largest initial share sale in history and pushing Elon Musk's company into the ranks of the world's most valuable listed firms. The blockbuster debut has also meant that it could encourage India's own mega IPO candidates, including Jio Platforms and the NSE, although the path, according to investment bankers, is not straightforward.
While SpaceX has demonstrated that investor appetite for large growth stories remains intact, bankers that the timing of Jio and NSE's public offerings will be determined largely by domestic market conditions rather than developments in the United States.
