South Korean Retail Investors Surge $796 Million Into SpaceX on Listing Debut, Stock Rises 49%

According to South Korea's Korea Securities Depository (KSD), South Korean retail investors purchased nearly $796 million of SpaceX shares on the stock's listing debut day last Friday, June 13, highlighting strong demand from local investors who missed participation during the IPO process. The purchase volume exceeded any other single U.S. stock bought by South Korea's over 14 million retail investors in the prior three months combined.

SpaceX has surged 49% since listing, pushing its market value to $2.65 trillion, surpassing e-commerce giant Amazon by approximately $8 billion. South Korean investors faced no direct IPO subscription channels, and Mirae Asset Securities, an IPO underwriter, received no allocation despite seeking shares for specific clients, prompting South Korea's Financial Supervisory Service to launch an investigation into the broker.