At a time when India’s primary market is facing a lull, the US is generating significant buzz as industry giants such as SpaceX, Anthropic, and OpenAI move closer to launching public listings.Of them, all eyes will be on SpaceX, which at $75 billion would be the world’s largest IPO.Reuters, citing sources, reported that the IPO is likely to launch on Nasdaq on June 12. The offer priced at $135 a share is expected to raise $75 billion, setting a new record as the largest IPO ever globally.SpaceX has a diverse set of businesses such as rockets, satellite communications and AI computing.On June 1 (Monday) Anthropic PBC said that it confidentially submitted a draft registration statement on Form S-1 to the US Securities and Exchange Commission for a proposed initial public offering. “The proposed initial public offering will depend on market conditions and other factors,” it said.The company behind chatbot Claude has not disclosed the number of shares, pricing or issue size to be offered to the public.In a statement, the company wrote that “this gives us the option to go public after the SEC completes its review. The proposed initial public offering will depend on market conditions and other factors.” Recently, Anthropic raised $65 billion in Series H funding led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital, valuing it at $965 billion post-money.Meanwhile, ChatGPT-maker OpenAI is also preparing to confidentially file for an IPO in the US in the coming weeks, a Reuters report said. After recent fund raising of $122 billion, OpenAI claimed its valuation was $852 billion.Brokers for globalWhen global leaders are making waves in the IPO market, the current rules and regulations almost shut Indian investors from participating in the IPOs. There is a window through which domestic investors can participate in foreign IPOs through overseas brokerage accounts funded under the RBI’s Liberalised Remittance Scheme (LRS), which permits remittances of up to $250,000 per resident in a financial year. Brokerages such as Vested Finance, Groww, AngelOne, ICICI Direct, HDFC Sky and IndMoney, among others, offer investing in the US market.However, retail investors rarely get IPO allocations, as US companies allot shares largely to institutions. The chance of Indians getting allotment is almost nil. So, the only opportunity available for retail investors to own shares is by buying them from the open market after listing. But that is very risky, as investors may not get the right price due to post-listing volatility.Meanwhile, Nasdaq recently tweaked its norms for index inclusion for large-cap companies such as SpaceX. “When large companies stay private for a decade or more before going public, indexes that wait months to add them have less than a full picture of the market they track,” said Nasdaq.MF routeNasdaq, from May 1, eliminated the minimum free float requirement and introduced a “Fast Entry” mechanism that allows companies among the top 40 in terms of capitalisation to be included in the index after only 15 days of trading, against the previous 12 months.This route enables investors to gain indirect exposure to companies such as SpaceX through global funds offered by Indian asset management companies. However, that option has largely become unavailable, as most fund houses have halted fresh investments due to regulatory restrictions. The restrictions are due to limits set by SEBI, which cap the mutual fund industry’s overseas investments at $7 billion, with a separate $1 billion limit for ETFs. As most of the limit has already been utilised, fund houses currently have limited room to accept fresh investments in international schemes.Published on June 5, 2026