Communication error leaves Korean broker Mirae with zero SpaceX IPO shares: report
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Search fieldHome page Seeking Alpha - Power to InvestorsAbout PremiumCreate free accountSearch for Symbols, analysts, keywordsLog in Communication error leaves Korean broker Mirae with zero SpaceX IPO shares: report Jun 30, 2026, 4:18 AM ETSpace Exploration Technologies Corp. (SPCX) StockBy : Arundhati Sarkar, SA News Editor Copy LinkSavePlay( 2min ) Comments (2) It was supposed to be the deal that vaulted Mirae Asset Securities Co. into the global big leagues. But SpaceX's (SPCX) record-breaking initial public offering has instead forced South Korea's biggest brokerage to apologize to its clients and have To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? Please report it on our feedback forum. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. Search fieldEntering text into the input field will update the search result belowEntering text into the input field will update the search result below Quick Insights Mirae misunderstood early communication, failing to enter binding orders, so no orders were recorded and they received no stock allocation. Over $1.1B of Korean demand was never entered into the IPO order book due to Mirae's error. Mirae apologized to clients and is subject to local regulatory inspection due to the mishap.
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