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Industry

SpaceX IPO: Can retail investors buy the shares? 30 percent allocation

SpaceX’s initial public offering is nearing the end of its subscription period amid surging demand, with multiple institutional investors placing orders of at least $10 billion each, foreign media reported. Total orders have reached $150 billion, exceeding the $75 billion target. SpaceX is offering 555.6 million shares at $135 each. A notable feature is a 30 percent retail allocation via online broker platforms, though eligibility varies by platform.

AI & Enterprise

MSIT says it has laid groundwork for South Korea to become a top 3 AI power

South Korea\'s Ministry of Science and ICT said it has laid the groundwork for the country to become one of the world’s top three AI powers over the past year, alongside restoring the R&D ecosystem and guaranteeing basic communications rights. It said it is pushing plans to secure 260,000 advanced GPUs by 2030 and has introduced AI-related laws. The ministry also plans to roll out “AI for Everyone” starting as early as November, aiming to keep it free through 2028.

Markets

JPMorgan says SpaceX mega IPO unlikely to drain liquidity from Hong Kong

JPMorgan said a potential mega IPO by Elon Musk\'s space company SpaceX is unlikely to trigger large-scale liquidity outflows from Asian markets including Hong Kong. It cited investors\' continued preference for diversification across regions and sectors, and strong interest in Chinese technology firms. The bank also pointed to a rising pipeline of companies seeking Hong Kong listings and robust first-quarter fund-raising on the exchange\'s main board.