On June 14, 2026, South Korean media outlet Seoul Economic Daily reported that 'U.S. space company SpaceX listed on the U.S. stock market with an all-time high corporate value, but South Korea's capital market failed to secure even a single share of public offering allocation, being left out of the 'festival'.'

According to the financial investment industry, Mirae Asset Securities of South Korea, which participated in the underwriting syndicate for SpaceX's listing, was unilaterally notified of 'zero allocation' by lead underwriter Goldman Sachs just before the start of regular trading on the 12th local time. In the U.S. IPO market, lead underwriters have absolute allocation authority. Although Mirae Asset Securities strongly protested, Goldman Sachs reportedly remained silent.

Meanwhile, Mizuho Securities, like Mirae Asset Securities, was scheduled to receive an allocation of approximately 312.5 million dollars (up to 2,314,815 shares), but actually secured the equivalent of 2.2 billion dollars, which is seven times that amount. This accounted for approximately 3% of the total, making it the largest allocation after the U.S. (85%) and Europe (10%).

Regarding this situation, the article points out that it is 'Korea Passing' (excluding Korea). Criticism has also emerged that while the Korean capital market has only expanded in size due to the active stock market, its current state of being excluded from the core network of major global investment banks (IBs) has been exposed.

Furthermore, there are also comments in the industry stating that 'Mirae Asset Securities had a weak presence within the underwriting syndicate and lost face as a result of conducting aggressive sales activities despite knowing that the allocation was not guaranteed.'

To this article, South Korean netizens posted comments such as: 'Elon Musk must hate current South Korea, right?' 'It's because South Korea is owned by President Lee Jae-myung,' 'Quietly strong Japan, noisy but empty South Korea,' 'Shall we boycott Tesla?' 'If there were a lot of allocations, dollars would flow out, so didn't the government put pressure on them?' 'This is the reality of this country,' 'It means South Korea is not yet internationally recognized. We need to reflect,' and 'The value of the won is like scrap paper.' (Translation/Editing by Mae)