HYBE Responds to Circulating Rumors About Suga's Investment in Elon Musk's Company
Reports claiming that BTS member Suga was an early investor in SpaceX—the aerospace and artificial intelligence (AI) company led by Elon Musk —before it went public have attracted widespread attention. According to investment banking (IB) sources and Edaily on the 29th, Suga is believed to have invested in SpaceX's unlisted shares through Link Asset Partners, the first South Korean fund management firm to invest in the company. An IB industry source told the media, "Although the exact scale of the investment has not been confirmed, it is understood that he still holds SpaceX shares and has achieved significant returns." According to additional reports, the BTS superstar is believed to have made the investment before 2022. Based on this timeline, industry experts estimate that the value of his investment may have increased by at least 20 times. Furthermore, if Suga invested around 2020 —when SpaceX's valuation was still relatively low —his return on investment (ROI) ...