SEOUL: BTS member Suga has reportedly emerged as an early investor in SpaceX, with industry estimates suggesting his stake may have grown by as much as 20 times its original value.
According to a report by Edaily, Suga invested in the private space company through Link Asset Partners, a South Korean investment firm known for backing SpaceX before it went public.
The report citing investment banking sources said Suga remains a shareholder and has recorded significant gains, describing the returns as “substantial.”
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He is believed to have invested before 2022, with conservative estimates placing returns at around 20 times the initial investment. If the entry occurred closer to 2020, gains could be as high as 40 times, the report added.
SpaceX, founded by Elon Musk, was valued at about $46 billion in 2020 and surged to roughly $100 billion in 2021 following additional funding rounds.
The company later went public on June 12, debuting with a market capitalization of approximately $1.77 trillion based on an IPO price of $135 per share.
Suga’s agency, BigHit Music, did not immediately comment on the report.
Meanwhile, BTS has launched the European leg of its “BTS WORLD TOUR ‘ARIRANG’” in Madrid, with upcoming performances scheduled in Brussels, London, Munich and Paris.
