SpaceX Drew $800 Million From Korean Investors on Trading Debut

South Korean retail investors purchased approximately $800 million of SpaceX shares on the stock's initial trading day. This significant investment highlights robust demand for Elon Musk's company, particularly after local investors were excluded from the company's initial public offering. The trading debut occurred on a secondary market, allowing retail investors access to shares that were previously unavailable. This event signals a strong appetite for SpaceX stock among individual investors in South Korea, contributing to its market presence outside of its primary private funding rounds. The substantial volume of shares traded underscores the perceived value and future potential of SpaceX in the eyes of these investors.
Original source — read the full reporting at the publisher:
Read on Bloomberg Markets