Musk issues new shares worth KRW 2 trillion
CEO Kim participates in shareholders through investment corporations
Nexon founder Kim Jung-joo, CEO of NXC (photo), invested 16 million dollars (about 17.5 billion won) in space X, an aerospace company led by Elon Musk Tesla’s CEO.
According to the information technology (IT) industry on the 13th, NXC invested 16 million dollars by participating in the issuance of new convertible preferred stocks worth $1.9 billion (about 2 trillion won) of SpaceX in August last year. NXC secured a stake in SpaceX by investing about 60% in a fund created by a domestic asset management company as a special purpose corporation (SPC). At that time, competition for investment was fierce, and it was reported that NXC could not be allocated as much as it wanted. This is the first time that a domestic investment corporation has become a shareholder of SpaceX.
SpaceX is a private space developer founded by Musk’s dream of moving to Mars. It has self-developed rocket and spacecraft modules. It is evaluated as a company that set a milestone in space pioneering by sending the first manned spacecraft’Falcon 9’led by the private sector to the International Space Station (ISS) in May last year.
This is not the first time Kim’s investment in the non-game field. Through the holding company NXC, he bought more than 20 companies, including Bitstamp, a European cryptocurrency exchange, Stoke, a premium stroller brand, Agras Delic, an Italian organic animal feed company, and Mark & Rona, a premium golf wear brand in Japan. It encompasses various industries such as fintech, sharing economy, food, distribution, and education.
Reporter Kim Joo-wan [email protected]
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