This article was displayed on the ChosunBiz MoneyMove (MM) site at 9:57 a.m. on Jun. 9, 2026.
Mirae Asset Group has moved to make a private investment of about 700 billion won ahead of Elon Musk's space corporations SpaceX initial public offering (IPO). Affiliates of the group will invest in the public offering through a Mirae Asset Global Investments fund.
According to the investment bank (IB) industry and the Financial Supervisory Service's electronic disclosure system, Mirae Asset Global Investments this month set up the "Mirae Asset Apex General Private Investment Trust" and received total commitments of $460 million from Mirae Asset Securities and Mirae Asset Life Insurance. In won terms, that is about 696.1 billion won.
Mirae Asset Securities agreed in the proprietary investment (PI) institutional sector to commit $330 million (about 499.4 billion won) to the fund. Mirae Asset Life Insurance will also commit $130 million (about 196.7 billion won) to the same fund. The fund will be managed by Mirae Asset Global Investments, and the management period runs through Jun. 2030.
According to the industry, the fund was created for Mirae Asset Group to invest in SpaceX's public offering shares. The aim is to acquire and hold SpaceX IPO shares long-term with the group affiliates' own capital. The plan is to first pool money in the Mirae Asset Global Investments fund and then participate in institutional book-building and subscribe.
Mirae Asset previously invested a total of 410 billion won in SpaceX at the group level in 2022 and 2023. When Mirae Asset first invested in SpaceX, the corporations value was reportedly only $127 billion (about 190 trillion won). Early this year, it carried out a follow-on investment of about $110 million (about 160 billion won) in xAI, increasing its SpaceX equity.