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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.

AI & Enterprise

K-Moonshot project stumbles at start as AI scientist program director offers to resign

South Korea\'s K-Moonshot project, aimed at applying AI to science and technology to solve national challenges, faces an early setback after a mission program director offered to resign. The science ministry said the resignation came for personal reasons and is expected to be accepted after the deputy prime minister returns from an overseas trip. The ministry plans to proceed without recruiting a successor and has outlined governance and conflict-of-interest controls for program directors.

Crypto

Bitcoin faces biggest governance dispute in years as BIP-110 raises chain split fears

Bitcoin is facing its biggest governance dispute in years ahead of the blockchain reaching block height 961,632, as debate spreads over BIP-110, a proposal to limit non-financial data in transactions. Supporters say it protects Bitcoin’s original purpose and reduces node costs. Opponents question the push process and warn enforcement without broad economic consensus could fuel a minority chain split and raise censorship concerns.