Shares seen as beneficiaries of a potential SpaceX listing surged in South Korea on Tuesday.
According to the Korea Exchange, Mirae Asset Venture Investment was up 11,150 won, or 23.55%, at 58,500 won as of 1:01 p.m., compared with the previous session. The stock touched 61,500 won during the session, setting a new 52-week high.
At the same time, Aju IB Investment rose 18.65% and YJ Link gained 6.63%.
The rally was attributed to buying in companies that have invested in SpaceX after reports that the aerospace company led by Tesla CEO Elon Musk could go public as early as June.
SpaceX plans to raise a total of $75 billion through an initial public offering and seek a valuation of $1.75 trillion.
Reuters also reported Tuesday that SpaceX would adopt a dual-class share structure. Class A shares for general investors would carry one vote per share, while Class B shares held by Musk and others would carry 10 votes per share.
* This article has been translated by AI.
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