South Korea’s Mirae Asset to invest $72 mln in Space X

South Korea’s Mirae Asset Financial Group affiliates plan to invest a total of 93 billion won ($72.43 million) in Space X in January 2023, the companies said in regulatory filings on Friday.

Mirae Asset Securities Co Ltd and Mirae Asset Capital Co Ltd will invest 88.5 billion won and 4.5 billion won in Elon Musk’s rocket and satellite company, respectively, a spokesperson at Mirae Asset Group said.

Separately, Mirae Asset Securities made an investment of 116 billion won in Space X through its fund in July.

In October, Mirae Asset Financial Group was planning to commit about 300 billion won to help finance Elon Musk’s Twitter deal. US News