SpaceX to Go Public; Fubon Life Plans to Subscribe Up to US$600 Million

(Central News Agency, reporter Su Siyun, Taipei, 9th) As SpaceX is about to go public through an Initial Public Offering (IPO), Fubon Financial Holding announced today on behalf of Fubon Life Insurance that it intends to participate in the initial public offering of common stock of Space Exploration Technologies Corp. (SpaceX) on the US Nasdaq stock exchange, with a subscription amount cap of US$600 million.

Space Exploration Technologies Corp. (SpaceX) plans to raise a record US$75 billion through its IPO, aiming for the largest IPO in history, which could bring its market capitalization to US$1.77 trillion. Global investor subscriptions are robust, and countries open for subscription currently include Taiwan. SpaceX is scheduled to list on the Nasdaq exchange on June 12th Eastern Time under the ticker symbol "SPCX".

Fubon Financial Holding today issued a material information announcement on behalf of Fubon Life Insurance. Fubon Life plans to participate in the initial public offering of common stock of Space Exploration Technologies Corp. on the US Nasdaq exchange, with a subscription amount cap of US$600 million (approximately NT$18.9 billion, excluding transaction commissions and other related taxes and fees). The actual number of trading units and the price per unit will be announced separately after confirmation.

Fubon Life pointed out that the purpose of this investment is the utilization of life insurance funds in accordance with the Insurance Law. As for whether there will be other transactions in the coming year, it will depend on market conditions and the company's strategy.