South Korean retail investors heavily purchased SpaceX stock on its first day of trading, netting a total of 1.2 trillion Korean won (approximately $920 million USD). This surge in demand from individual investors, often referred to as “Seohak Gaemi” (Westbound Ants), significantly impacted the stock’s initial performance. The buying spree occurred despite SpaceX remaining a privately held company and not conducting a traditional initial public offering (IPO). Instead, trading was enabled through a secondary market offering allowing existing shareholders to sell shares. Analysts suggest the high interest reflects South Korean investors’ enthusiasm for the space industry and SpaceX’s innovative ventures. The substantial investment highlights a growing trend of Korean investors seeking opportunities in US-listed technology companies. Further details regarding the specific trading platforms and individual investment amounts are still emerging.