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SpaceX’s IPO success may rub off on Ambani’s listing of Jio Platforms

A string of mega-initial public offerings in the US shows there is no lack of demand for tech listings

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    • Local institutions and retail savers in India may have the stomach for Jio’s US$4 billion float. 
    • Local institutions and retail savers in India may have the stomach for Jio’s US$4 billion float.  PHOTO: REUTERS

    Andy Mukherjee

    Published Thu, Jun 11, 2026 · 06:00 PM

    THE insatiable investor demand for Elon Musk’s SpaceX will be music to the ears of another billionaire half a world away.

    In India, Mukesh Ambani’s digital empire is headed for an initial public offering expected to be the biggest in the nation’s history.

    Until recently, the tycoon’s team may have wondered if the knock-on effects of the Iran war would choke the liquidity required for Jio Platforms’ IPO.

    Mukesh AmbaniSpaceXIndiaIPOTech IPO

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