United Kingdom, June 9 -- SpaceX's IPO could encourage a new generation of investors.

The company, headed by billionaire businessman Elon Musk, is set to IPO on the New York Stock Exchange later this year, and Simon Belsham, the Chief Client Officer at Hargreaves Lansdown, one of the world's most respected investment platforms, believes it could encourage young people to invest their cash.

He said: "While we recognise this IPO might not be right for everyone, it's an exciting moment for many of our clients. We're expecting this might be a first foray into investing for many."

SpaceX has been billed as a bet on space travel and AI, but Sinead O'Sullivan, an economist who has worked for Nasa in the past, thinks it's currently difficult t...