Mirae Asset apologizes to investors over failed SpaceX IPO allocation
Key takeaways
- On Friday, SpaceX s stock market debut sent the company s value past $2 trillion, turning Elon Musk into the world s first trillionaire.
- Earlier this month, the brokerage collected deposits worth $500 million from investors participating in a private placement.
- "We made every effort until the very end to secure an allocation of shares.
Mirae Asset apologizes to investors over failed Space X IPO allocation Reuters Mon, June 15, 2026 at 8:07 PM GMT+7 2 min read 006800.KS SPCX SEOUL, June 15 (Reuters) - South Korea s Mirae Asset Securities apologized to investors on Monday for failing to secure an allocation of Space X shares from the U.S. company’s initial public offering, adding that it would consider financial compensation for those affected.
In a letter to clients reviewed by Reuters, Mirae Asset Securities co-CEOs Kim Mi-seob and Heo Sun-ho said that despite being qualified to offer SpaceX shares to Korean investors, the brokerage, one of the underwriters for the SpaceX IPO, was ultimately left out of the final allocation by the U.S. lead underwriter.
On Friday, SpaceX s stock market debut sent the company s value past $2 trillion, turning Elon Musk into the world s first trillionaire.