With SpaceX set to list on the 12th, news came on the 11th that Mirae Asset Global Investments will take part in the SpaceX initial public offering (IPO) through active exchange-traded funds (ETFs) and public offering funds.

Musk Elon, founder of SpaceX, and the SpaceX logo./Courtesy of Yonhap News

Mirae Asset Global Investments has applied for an allocation of shares from the lead managers and others.

This is seen as a decision made amid reports that financial authorities recently indicated it would be difficult for passive ETFs to participate in the SpaceX IPO.

Among Mirae Asset Global Investments' active ETFs, about five, including "TIGER Global AI Active ETF" and "TIGER Global AI Power Infrastructure Active ETF," are expected to participate in the IPO investment.

In addition, global equity public offering funds such as "Mirae Asset G2 Innovator" and "Mirae Asset Global Growth Fund" are also expected to participate. The number of Mirae Asset Global Investments products taking part in the SpaceX IPO is expected to reach about 20. Meanwhile, SpaceX's actual IPO allocation will be finalized on the 12th.

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