South Korean Investors Buy $800 Million of SpaceX Shares on Debut Trading Day
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South Korean retail investors bought $834.6 million of SpaceX shares on the company's first trading day after the stock jumped 49%, lifting the valuation to $2.65 trillion. Limited IPO access drove heavy secondary-market buying that made SpaceX the most-purchased U.S. stock locally, a risk-on event with potential market impact that could spill over into crypto adoption and DeFi/CEX activity.
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- South Korean investors bought $834.6M in SpaceX shares on the first trading day.
- SpaceX shares climbed 49% after listing, lifting valuation to $2.65 trillion.
- Limited IPO access pushed Korean investors into heavy secondary market buying.
South Korean retail investors directed more than $800 million into SpaceX shares on the company’s first day of public trading, making it the most-purchased U.S. stock among local individual investors. The surge in buying came despite many investors being unable to access the company’s initial public offering, leading them to enter the market after trading began.
Data from the Korea Securities Depository showed that the scale of purchases placed SpaceX at the center of overseas stock activity among South Korean investors, quickly pushing it into the ranks of the most widely held U.S. stocks in the country.
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