SpaceX's Mega IPO Isn't Just A Stock Story— Strategists Say It Could Help Fund America's Deficit As Globa

The upcoming SpaceX IPO could impact the U.S. economy by potentially refinancing a portion of the country's current account deficit in a single day.

Currency strategists at Commerzbank, led by Volkmar Baur, have studied the possible effects of SpaceX's IPO, which is set to raise $75 billion at a $1.75 trillion valuation.

Foreign investors, who typically account for about 20% of U.S. stock ownership, with European investors making up roughly half of that share, are expected to be key participants in the offering, as per the strategists.

Baur estimates that around 20% of the IPO proceeds, or approximately $15 billion of the $75 billion raise, could come from overseas investors on the first day of trading, as reported by MarketWatch On Wednesday.

With the U.S. current account deficit at $190.7 billion last quarter, the SpaceX IPO could refinance a "not insignificant" 8% of this deficit in one day, potentially boosting the U.S. dollar, especially against the euro if half of the capital inflows are from Europe.