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Finance
SpaceX IPO draws U.S. retail investors despite overvaluation concerns
SpaceX is moving ahead with an IPO valuing the company at $1.77 trillion, pricing shares at $135, drawing strong interest from U.S. retail investors despite overvaluation concerns. Retail allocation is in the low 20 percent range, above the usual 5 to 10 percent. Fidelity set a $2,000 minimum account balance. Some investors are betting on a first-day surge, while others remain cautious about demand signals and selling restrictions.
Finance
Mirae Asset Securities secures 4,751 billion won worth of SpaceX IPO allocation
Mirae Asset Securities secured about 4,751 billion won worth of shares in SpaceX\'s initial public offering, after joining the underwriting syndicate. SpaceX filings show the firm was allocated 2,314,815 of the 555,555,555 Class A common shares being sold. With an offer price of $135 per share, the allocation amounts to about $312.5 million. SpaceX plans to raise $75 billion in the IPO.
Industry
SpaceX IPO stirs U.S. luxury market as Rolex and private jet demand signs emerge
With SpaceX\'s initial public offering confirmed, U.S. markets for luxury homes, high-end watches and private jets are showing early reactions. CNBC reported that current and former employees cannot immediately cash out their stakes, but some are already making spending plans in anticipation of future liquidity. Realtors cite rising inquiries for upscale homes in Southern California and near Austin, Texas. Watch and private jet firms also report related inquiries.
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Telecommunications & Media
Apple may launch book-style foldable iPhone this fall as \'iPhone Ultra\' - report
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AI & Enterprise
AI use grows in scouting football prospects but data can miss talent
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Mobility
Wall Street says Tesla has effectively reached Level 4 self-driving in most conditions; is insurance the evidence?
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Finance
Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing
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AI & Enterprise
K-Moonshot project stumbles at start as AI scientist program director offers to resign
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AI & Enterprise
Sam Altman delays South Korea visit citing unavoidable circumstances
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AI & Enterprise
Ethics debate over undisclosed AI-written text depends on context
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Finance
KB Kookmin Bank to cut credit loan limits, tighten household lending management
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Finance
KOSPI reclaims 8,100 as foreigners turn net buyers for first time in 24 sessions
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Finance
BoA CEO says accuracy tops cost in finance AI
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Industry
SpaceX IPO countdown raises fears of repeat of Figma, Cerebras slump
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AI & Enterprise
KISA begins testing OpenAI\'s GPT-5.5 Cyber as Mythos access nears
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Telecommunications & Media
FIFA website is most accurate and fastest for South Korea World Cup match information
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Crypto
U.S. crypto Clarity Act clash pits Ripple CEO against JPMorgan\'s business model
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Crypto
World Cup to boost prediction markets; Bernstein sees $10 billion in volume