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 significat 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) could potentially be as high as 40 times.

As soon as the news spread, netiens and fans were amazed by the rapper's ability to identify promising investment opportunities. Social media quickly became filled with discussions praising Suga's long-term investment strategy, with many noting that such thoughtful financial decisions may have contributed significantly to the growth of his personal wealth.

As discussions surrounding, the report continued to gain momentum, Korean media outlets reached out to HYBE for comment. Rather than confirming or denying the report, the agency responded cautiously, stating, "It is difficult to confirm as it relates to the artist's personal life." However, many industry observers and fans interpreted HYBE's standard response as suggesting that the reports may be true.

Meanwhile, SpaceX was founded by Elon Musk in 2002 and is an American aerospace manufacturer and space technology company best known for developing reusable rockets, spacecraft, and the Starlink satellite internet network. The company's valuation was estimated at approximately USD 46 billion in 2020 before rising significantly through multiple large-scale funding rounds.

In June this year, SpaceX completed its public listing and launched its initial public offering (IPO) on the Nasdaq, with shares priced at USD 135 each. The offering was described as one of the larges IPOs in the U.S. history, raising approximately USD 75 billion and giving the company an estimated market capitalization of around USD 1.77 trillion.

In fact, this is not the first time Suga has been associated with major investments. In 2023, Korean media reported that he participated in a USD 70 million investment fund led by Korean baseball legend Park Chan-ho and management company Team61 to purchase newly issued shares of the Athletics, a Major League Baseball (MLB) franchise. The fund was established specifically to acquire the club's newly issued shares and ultimately secured approximately 2-3% ownership of the team.

These reports suggest that Suga has maintained a strong interest in investing for many years. Korean media outlets have also described him as someone who consistently follows high-growth unlisted assets with strong long-term  potential.

Although Suga's reported investment in SpaceX has not been officially confirmed, fans continue to express admiration for his business acumen, leaving comments such as: "And now he is even richer," "No, but can he let us know what he's investing in? I'm so, so jealous," "His vision is on another level. That's why he's rich, "Turns out Yoongi has been the hidden boss all along," "Low-key billionaire energy," "So he's been building an empire in silence," "The hidden business king strikes again," and more.