Kim Jung-joo invests 17.5 billion won in Elon Musk’Space X’

Jeongju Kim, CEO of NXC.
Jeongju Kim, CEO of NXC.

It was confirmed that NXC, a Nexon holding company, has invested in Elon Musk’s SpaceX.

According to related industries on the 13th, NX provided 16 million dollars (approximately 17.5 billion won) to new stocks (series N) of convertible preferred stocks (series N) that were recruited by SpaceX in August of last year for $1.9 billion (about 2,833 trillion won). Invested.

This investment was made through a fund created by a special purpose corporation (SPC), a domestic asset management company, and the equity ratio to investment is known to be 0.84%.

SpaceX is an aerospace company founded by Elon Musk, famous as the founder of Tesla, an electric vehicle company. The company has been manufacturing recycling rockets for the United States Aeronautical and Space Administration (NASA) and the private sector, and in May of last year, it launched a civilian manned spaceship (Falcon 9) at the International Space Station and attracted attention.

Related Articles


‘Pending sale’ Nexon is running again towards the global market


NXC CEO Kim Jung-joo withdraws public sale…notifies bidding companies


Why did NXC Chairman Kim Jung-joo hire Heo Min, CEO of Wonder Holdings?


Jeongjoo Kim NXC sells Bricklink, LEGO trading site

NXC’s decision to invest in SpaceX is interpreted as reflecting the intention of NEXC CEO Kim Jeong-joo, Nexon’s founder, to invest in next-generation food. Meanwhile, NX has acquired Stoke, a stroller company, and Kobit, a blockchain cryptocurrency company, and delivered news of investments in fintech companies such as Indian financial funds and Kobit.

Regarding this, an NXC official said, “It is true that SpaceX has invested in new stocks of convertible preferred stocks. Last year’s investments (through asset management companies) seem to have been recently known.





Source