Global X will compete with rival BetaShares for a slice of the enormous demand among retail investors clamouring for shares in Elon Musk’s company.

It’s off to the races for the Musk believers, who appreciate that no matter how many times his big promises have not been met, some of them have.

Jack Hu says there are indicators showing the stock will surge 20 per cent when it hits the boards on Friday, which is when he is hoping to cash in.