SK Hynix plans to invest nearly US$4 billion in an AI memory R&D facility in Indiana.

Founder Yan Junjie said he would stop taking a salary until the company reaches artificial general intelligence.

The fee pool equaled about 0.97% of proceeds, above the 0.67% banks earned on SpaceX’s US$75 billion initial public offering last month.

SpaceX has 650 satellites supporting its US direct-to-cell service and is expanding mobile spectrum holdings.