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Telecommunications & Media

SpaceX files confidential IPO documents, valued at $1.75 trillion

SpaceX, led by Elon Musk, is reported to have confidentially submitted IPO-related documents to the U.S. Securities and Exchange Commission ahead of a public listing. Some estimates put its valuation at as much as $1.75 trillion at flotation. A Bloomberg report cited by TechCrunch said SEC rules allow private companies to file confidentially 15 days before marketing to investors. SpaceX is also reported to be weighing a $75 billion raise.

AI & Enterprise

Government recasts AI voucher program toward AX support

The government is changing how it supports AI-related vouchers, reducing direct aid for small firms to buy and process data and shifting toward integrated support for corporate AI transformation (AX). The 2026 data voucher budget is set at 9.35 billion won, down 66.6 percent from a year earlier, amid declining revenue for the Information and Communications Promotion Fund. A new AX one-stop voucher is budgeted at 30 billion won, but its higher threshold limits access for smaller firms.

Industry

Korea's three battery makers set for first-quarter losses

South Korea's three battery makers are expected to post losses in the first quarter, as weak conditions in automotive batteries and a transition toward energy storage systems weigh on results. Securities industry estimates point to operating losses at LG Energy Solution, Samsung SDI and SK On. Analysts also flag a domestic production promotion tax credit, expected to take shape in a July tax revision plan, as a potential variable for profitability in the second half.