Regulator Probes Mirae After Zero SpaceX IPO Allocation; Rinehart Buys $1B Stake
SPCX•South Korea’s regulator expanded its probe into Mirae Asset Securities after the broker received no shares in SpaceX’s IPO despite a $300 million tranche selling out at $100,000 minimum subscriptions. Mining tycoon Gina Rinehart acquired over $1 billion in SpaceX shares as the stock rallied more than 30% intraday.
1. Regulatory Probe Expanded After IPO Allocation Failure
South Korea’s Financial Supervisory Service widened its inspection of Mirae Asset Securities after the broker failed to secure any shares in SpaceX’s initial public offering. The first $300 million tranche of the IPO sold out at a $100,000 minimum subscription, yet Mirae received no allocation despite investor deposits.
2. Gina Rinehart’s $1 Billion Stake Purchase
Mining tycoon Gina Rinehart purchased over $1 billion in SpaceX shares following the IPO, signaling strong demand among high-net-worth investors. The stock rallied more than 30% to an intraday high before paring gains, underlining robust aftermarket performance.
