South Korea’s Mirae Asset to invest 93b won in SpaceX in January 2023

Published Fri, Dec 23, 2022 · 11:03 AM
    • Mirae Asset Securities made an investment of 116 billion won in Space X through its fund in July.
    • Mirae Asset Securities made an investment of 116 billion won in Space X through its fund in July. PHOTO: REUTERS

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    SOUTH Korea’s Mirae Asset Financial Group affiliates plan to invest a total of 93 billion won (S$98 million) in SpaceX in January 2023, the companies said in regulatory filings on Friday (Dec 23).

    Mirae Asset Securities and Mirae Asset Capital will invest 88.5 billion won and 4.5 billion won in Elon Musk’s rocket and satellite company, respectively, a spokesperson at Mirae Asset Group told Reuters.

    Separately, Mirae Asset Securities made an investment of 116 billion won in Space X through its fund in July.

    In October, Mirae Asset Financial Group was planning to commit about 300 billion won to help finance Elon Musk’s Twitter deal. REUTERS

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