SpaceX Becomes Favorite Stock for Korean Investors, Accumulating Nearly $3 Billion in Four Days

 
SpaceX has quickly emerged as the favorite stock among Korean retail investors. Domestic individual investors have aggressively purchased shares of the American aerospace company, with net purchases nearing 3 trillion won (approximately $2.3 billion) within just four trading days since its listing.
 
According to the Korea Securities Depository's securities information portal (SEIBro), domestic individual investors bought $136.67 million (about 209.5 billion won) worth of SpaceX shares on June 17 (local time). The total purchase amount for that day was $182.47 million, while total sales amounted to $45.8 million.
 
As a result, the cumulative net purchase amount by individual investors over the four trading days since SpaceX's listing reached $1.9496 billion (approximately 2.9887 trillion won). This influx of nearly 3 trillion won in just four days is significant, although the daily net purchase amount decreased from the previous trading day's record of $670.12 million.
 
SpaceX has become the most heavily net-purchased U.S. stock by Korean investors this month, attracting more than six times the funds compared to the second most popular stock, Marvell Technology, which saw net purchases of $395.5 million. The volume of SpaceX shares held by these investors has rapidly increased, placing it at 22nd in the ranking of U.S. stocks held by Korean investors, closely trailing Intel, which is currently ranked 20th.
 
With the buying momentum centered around SpaceX, domestic investors have returned to net buying in U.S. stocks this month. As of June 19, Korean investors had purchased $23.67886 billion in U.S. stocks while selling $22.83260 billion, resulting in a net purchase of $846.26 million (approximately 1.2937 trillion won). This marks a significant turnaround from two consecutive months of net selling in April and May, indicating a potential shift back to net buying after three months.
 
Meanwhile, SpaceX's stock price experienced explosive growth shortly after its listing. Starting at an offering price of $135, it surged for three consecutive days, surpassing $200. However, on June 17, it recorded a 4.95% decline for the first time since its listing, and on June 18, it closed at $184.98, down 3.56%, indicating a slowdown in its momentum.