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Finance

SpaceX confirms IPO to raise more than 100 trillion won, contrasting with Korea\'s big-deal drought

SpaceX is proceeding with a Nasdaq listing and confirmed an offering of 555,555,555 common shares at $135 each, implying about $75 billion in proceeds, with potential upside if an overallotment option is exercised. In South Korea, the IPO market remains subdued despite a strong stock market. New listings and fundraising are limited, with a shortage of large deals and weak post-listing share performance weighing on sentiment.

AI & Enterprise

Databricks executive offers survival tips for new hires choosing a first job in the AI era

New graduates should build technical skills over following passion when choosing a first job and should work in person to build networks, a Databricks executive advised. Andy Kofoid said the first 3 to 10 years of a career lay the foundation for coping with later change. He said job seekers entering the labour market are vulnerable because they lack experience and skills, and recommended office work 4 to 5 days a week for learning and relationships.

Crypto

Clarity Act faces last-minute hurdles as Galaxy Digital CEO travels to Washington

Prospects for the CLARITY Act, seen as key legislation for the U.S. crypto market, are tied to three issues: the scope of regulation for Web3 developers, resistance from law enforcement agencies and a tight congressional schedule. Galaxy Digital CEO Mike Novogratz went to Washington for urgent meetings, aiming to pass the bill within 4 weeks before the summer recess. Polymarket odds for passage in 2026 fell to 48 percent from 62 percent.