Rakuten Securities to Launch Bookbuilding for SpaceX IPO on U.S. Market

Rakuten Securities Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Yuji Kusunoki; hereinafter "Rakuten Securities") announced that it plans to include the Class A common stock of Space Exploration Technologies Corp. (Headquarters: Texas, USA; Founder & CEO: Elon Musk; hereinafter "SpaceX") as an eligible stock for bookbuilding (demand estimation) through its U.S. stock Initial Public Offering (IPO) service. This initiative will enable Rakuten Securities' clients to participate in IPO lotteries and submit purchase applications for the U.S. market directly from Japan.

As part of its U.S. stock IPO service, Rakuten Securities will list the aerospace company SpaceX as a bookbuilding-eligible stock. This allows customers to participate in the IPO lottery during the subscription stage and, if successful, grants them the opportunity to purchase shares at the pre-listing public offering price.

SpaceX, the subject of this bookbuilding, is a private aerospace company with a proven track record in the space industry and technology sectors, including rocket launches and satellite communications. Since its founding by Elon Musk in 2002, the company has been involved in various public and private projects, driving the industrialization of space development. Please note that SpaceX's listing date, exchange, price range, bookbuilding period, and IPO lottery date are currently undetermined. For further details, please refer to the Rakuten Securities website: https://r10.to/hg08xP

Overview of U.S. Stock IPO Service (Bookbuilding, Lottery, and Purchase)

Eligible Participants: Customers with a general trading account at Rakuten Securities (*including minors).

Applicable Accounts: Specified accounts, General accounts, and NISA Growth Quota (*Corporate accounts are not eligible).

Settlement Currency: Japanese Yen (JPY) only.

Note: Details regarding eligible stocks, application methods, and the timeline from bookbuilding to listing will be announced periodically on the Rakuten Securities website. https://r10.to/hg08xP

[Explanation of Fees and Risks] Investing in products handled by Rakuten Securities may require the payment of prescribed fees and expenses. Furthermore, there is a risk of loss due to price fluctuations. Please carefully read the "Fees and Risks Involved in Investment" page on the Rakuten Securities website and the pre-contract documents to fully understand the contents.

A registration statement for SpaceX Class A common stock has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. Furthermore, the domestic securities registration statement for the offering in Japan has been filed with the Kanto Finance Bureau but is not yet effective. Investment decisions should be made based on the prospectus prepared by SpaceX.

Trade Name: Rakuten Securities Co., Ltd. Financial Instruments Business Operator: Director of Kanto Local Finance Bureau (Kinsho) No. 195