SpaceX IPO News Sends Venture Capital Into a Frenzy
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SpaceX's plans to go public have sent venture capital into a frenzy, with share prices of domestic VC firms that have invested in SpaceX surging. The Korea Fund of Funds has increased by 25 times in scale, signaling a growing interest in aerospace investments, particularly those connected to the defense industry.
SpaceX has begun the process of going public, causing a surge in share prices of VC firms that have invested in the company. Mirae Asset Venture Investment and Aju IB Investment have seen significant increases in their share prices. Mirae Asset Group invested $278 million in SpaceX between 2022 and 2023. Aju IB Investment also invested in SpaceX through its US subsidiary. The Korea Aerospace Administration plans to create a 200 billion won Korea Fund of Funds by September. The fund will support investments in the space industry and related companies. Venture capital investment in aerospace is also actively underway, with Intervest recently making a sole investment of 15 billion won in Telepix, a space AI solution company.
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