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Finance

Korean asset managers adjust ETF inclusion schedules ahead of SpaceX listing

South Korea\'s space-themed exchange-traded funds have repeatedly adjusted their plans to include SpaceX ahead of its expected Nasdaq listing. Strong expectations around the listing have drawn large inflows into related ETFs, but managers have changed inclusion and disclosure schedules close to the debut. Some funds plan to add exposure two trading days after listing rather than on the day itself. Investors are being urged to check actual inclusion timing, weights and volatility risks.

Industry

Hanwha Q CELLS to supply tandem cells for space solar power test on moon surface

Hanwha Q CELLS has entered a stage to verify whether next-generation solar cell technology can be applied in space in an actual lunar environment. Hanwha Solutions\' Q CELLS division said on Tuesday its German unit will join the NASA-backed space technology demonstration program SSTEF-1 as a project partner and provide perovskite-based tandem cell samples. Georgia Tech Research Institute will test the cells on a lunar lander surface under vacuum, extreme temperatures, ultraviolet light and space radiation.

Industry

Elon Musk nears trillion-dollar wealth prospect as SpaceX IPO stirs control debate

Elon Musk\'s net worth could exceed $1 trillion ahead of SpaceX\'s initial public offering, as the company set an offer price of $135 a share that implies a $1.77 trillion valuation. Debate is also growing over Musk\'s concentration of voting power, eased rules for index inclusion and limits on shareholder rights. Filings also outline revenue and losses at Starlink, AI operations and NASA launch contracts, and provide details on X\'s performance.