The surge in Mirae Asset’s stock shows how investors are scrambling to get exposure to the planned listing of the combined SpaceX and xAI, which is valued at US$1.25 trillion. It also highlights continued gains in South Korean stocks on optimism over AI-driven chip demand and governance reforms under President Lee Jae Myung.
(Feb 20): Mirae Asset Securities Co shares have more than tripled this year as a proxy bet on Elon Musk’s SpaceX ahead of its potential blockbuster initial public offering.
That makes the Seoul-based brokerage the top performer on MSCI Inc’s broadest index of global stocks so far in 2026. It’s also risen the most among 2,245 stocks in Bloomberg’s World Index. Mirae Asset has invested a total of over US$400 million ($507.7 million) in SpaceX and sister firm xAI, according to analyst reports.
