The use-of-proceeds plan in SpaceX's S-1 puts AI compute infrastructure expansion ahead of launch vehicles. The biggest capex and loss center is not the rocket but xAI. In other words, the ~$75bn raise is fuel that accelerates AI infrastructure investment, and that demand flows into GPUs, HBM, memory, and power. Today's reported Chey-Musk meeting (custom HBM for Tesla, memory for xAI data centers) is the first link tying that flow to Korean memory.
The official KOSDAQ premium 70-name list has not been released yet, but KRX Global criteria plus market cap, turnover, fundamentals and governance narrow the first 30 core candidates. The key is not simply market cap, but which KOSDAQ names passive money can actually own.
A macro follow-up on whether AI looks more like the 1996 productivity disinflation story or the 1999 expectations and CapEx cycle, and how that frames the June 2026 FOMC.
The disclosed 14-article U.S.-Iran MOU draft reads closer to a strategic win on points for Iran. The substance of the '$300 billion Iran reconstruction' is not reparations but a private-investment pipeline that opens up only after sanctions relief, and the most immediate cash flow is not a fund but the resumption of crude sales. For Korean investors this is not a construction-stock theme but a cyclical re-rating event in which power equipment, plants, shipbuilding, airlines and brokerages get re-priced through a smaller Middle East risk premium plus a sanctions-relief option.
A synthesis of Brynjolfsson, Li, and Raymond's Generative AI at Work, the San Francisco Fed's The AI Moment?, the Kansas City Fed's A New U.S. Productivity Chapter?, and the Fed's FEDS Notes on monitoring AI adoption in the U.S. economy.
Rheinmetall and LIG Defense&Aerospace have announced a strategic partnership for Europe and NATO air-defence customers. This note focuses on the news structure, Europe’s unavoidable multi-layer air-defence gap, the proposed Rheinmetall-majority JV, and what it means for Korea’s defence value chain.
KOSPI climbed 8.5% in five sessions as AI semiconductors dominated. Samsung Electro-Mechanics surged 16.6% on MLCC shortages, joining SK Hynix as a conviction trade.