Shares of companies related to SpaceX have surged following news that the space firm, led by Elon Musk, is accelerating its initial public offering (IPO) schedule.
As of 10:04 a.m. on May 18, Mirae Asset Venture Investment saw its stock rise by 14.21%, trading at 62,700 won, an increase of 7,800 won from the previous day.
Sphere also experienced a jump, with shares up 3,300 won (7.86%) to 45,300 won, while Mirae Asset Securities rose by 0.86% (600 won) to 70,500 won.
Earlier reports from Reuters and other international media indicated that SpaceX is expected to launch its IPO on June 12, which is earlier than market expectations that aligned the IPO with Musk's birthday on June 28.
In light of this development, BlackRock, the world's largest asset management firm, is reportedly planning to invest up to $10 billion (approximately 15 trillion won) in SpaceX's IPO.
On May 16, the U.S. tech publication The Information cited multiple sources stating that BlackRock is discussing a stake investment of between $5 billion and $10 billion through its $536 billion active fund during SpaceX's listing process.
SpaceX is engaged in satellite-based internet services through its Starlink project and is developing the Starship spacecraft. Recently, Musk's acquisition of the AI startup xAI has also expanded the company's ventures into artificial intelligence.
* This article has been translated by AI.
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