Following SpaceX’s historic Wall Street debut, Thai investors will soon be able to trade the aerospace giant directly on the Stock Exchange of Thailand (SET). Bualuang Securities (BLS) has announced plans to issue a Depositary Receipt (DR) under the trading symbol SPCX01, allowing Thai retail and institutional investors to capture the explosive momentum of Elon Musk’s space enterprise in local currency.
The timing of the DR launch coincides with an unprecedented frenzy surrounding the stock in New York. On Monday, SpaceX shares surged 19.60% to close at $192.50, officially surpassing Amazon to become the 5th largest public company in the world. The momentum showed no signs of slowing down in after-hours trading, where the stock rocketed an additional 11%, pushing SpaceX’s total market capitalization to a staggering $2.9 trillion.
This latest price surge underscores a massive disconnect between Wall Street’s conservative models and Elon Musk’s hyper-aggressive growth projections. While major investment banks have issued highly ambitious forecasts, Musk’s internal targets indicate that even the largest financial institutions are severely underestimating SpaceX’s scaling potential. For context:
- Morgan Stanley projects SpaceX will generate $330 billion in revenue by 2030.
- Goldman Sachs estimates a higher target of $474 billion by 2030.
- Elon Musk boldly predicted that SpaceX could reach approximately $1 trillion in revenue by 2030, driven by the global dominance of Starlink’s satellite constellation and the rapid commercialization of the Starship launch system.
By introducing SPCX01, Bualuang Securities is providing Thai investors with a timely, fractional-share vehicle to participate in this generational wealth creation. The DR removes traditional barriers to global investing by allowing participants to trade SpaceX exposure seamlessly during standard SET operating hours.
