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- According to Reuters, Bloomberg, and roadshow materials reported as of June 11, 2026, SpaceX is targeting a Nasdaq listing on June 12 under the ticker SPCX, seeking to raise $75 billion at a $1.75 trillion valuation, which would make it the largest IPO in financial history if completed as reported.<\/li>\n
- INOX India<\/a> secured a ~\u20b9200 crore aerospace order from a leading US-based private space company in Q4 FY26 for large cryogenic storage tanks.<\/li>\n
- Shares have gained approximately 25% over the past month, hitting fresh 52-week highs in the week ending June 10, 2026, amid heavy volumes.<\/li>\n
- FY26 revenue rose 21.2% YoY to \u20b91,632 crore, the highest ever, with export revenue up 37.7% to \u20b9971 crore.<\/li>\n
- Market is split between investors pricing in a structural space-tech opportunity and those flagging sentiment-led overheating at approximately 58\u201359x trailing P\/E.<\/li>\n<\/ul>\n
\nWhy SpaceX’s Listing Is Reverberating in India<\/strong><\/h2>\n
The SpaceX<\/a> IPO, reported to be priced at $135 per share on June 11 with trading expected to begin on Nasdaq under ticker SPCX on June 12, according to Reuters and Goldman Sachs roadshow disclosures, is shaping up to be unlike any public offering before it.<\/p>\n
Reuters reports SpaceX is targeting a $75 billion raise across 556.6 million shares at a $1.75 trillion valuation, with 21 banks participating and Goldman Sachs as lead underwriter. All figures are subject to final confirmation at the pricing stage.<\/p>\n
For context, Saudi Aramco’s 2019 offering raised $25.6 billion and held the previous record; SpaceX’s reported deal size is nearly three times that figure.<\/p>\n
The scale of investor interest has pushed Indian markets to search for domestic companies with genuine exposure to the global aerospace and space infrastructure boom.<\/p>\n
INOX India, a Vadodara-based cryogenic equipment maker listed on NSE as INOXCVA, has emerged as the clearest domestic beneficiary, though understanding why requires looking past the headline SpaceX narrative.<\/p>\n
\nThe Cryogenic Connection: What Exactly Did INOX Win?<\/strong><\/h2>\n
During Q4 FY26, INOX India secured a significant aerospace-related order from a leading US-based private space company for large cryogenic storage tanks, specifically 1,500-cubic-metre units, reinforcing its growing positioning in global aerospace cryogenic infrastructure.<\/p>\n
The total order value is approximately \u20b9200 crore, as disclosed in the company’s Q4 FY26 earnings call. Management guided for additional high-value orders in Q1 FY ’27.<\/p>\n
While neither INOX India nor exchange filings have officially named SpaceX as the client, the timing and nature of the order, large cryogenic storage tanks for a US private space company directly ahead of the reported SpaceX IPO, has fuelled significant investor speculation and the resulting stock re-rating.<\/p>\n
This move into space-grade cryogenic infrastructure represents a strategic evolution in product mix rather than a one-off contract win.<\/p>\n
\nINOX India Q4 and FY26 Financial Snapshot<\/strong><\/h2>\n
![\"INOX](\"https:\/\/www.manufacturingtodayindia.com\/cloud\/2026\/05\/13\/gqZg39kR-INOX-India-1200x903.jpg\")
INOX India<\/figcaption><\/figure>\n \n