Mirae Asset Securities Co. said it carried out all its work related to SpaceX’s initial public offering in coordination with the lead underwriters, directly disputing a Bloomberg News report published on June 30. The firm has not provided further detail on the nature of the alleged discrepancies. No independent verification of Mirae's claims has yet emerged.
The public dispute adds a layer of uncertainty to what is expected to be among the largest IPOs in history. SpaceX, already valued privately at over $100 billion, has drawn intense interest from institutional and retail investors alike. Mirae's role as a participant in the deal highlights the global appetite for access to Elon Musk's space venture.
According to the Bloomberg report in question, the original article raised concerns about how Mirae handled investor orders. Mirae has not released internal documentation to support its rebuttal. The company stated it conducted all activities in compliance with relevant regulations.
Elon Musk, SpaceX's founder and CEO, is not selling any of his shares in the IPO, according to a separate analysis by Motley Fool. His decision to lock up equity suggests Musk is prioritizing long-term control and cash retention over an immediate liquidity event. This move may signal confidence in the company's near-term cash flow projections.
Some analysts speculate that the IPO's structure could limit short-term selling pressure, as insiders are restricted from unloading shares. The optics of a high-profile dispute between Mirae and Bloomberg may temper some investor enthusiasm, though demand is expected to remain robust.