₩50B SpaceX Stake Acquisition for AI/Satellite/Aerospace Exposure
Original: 타법인주식및출자증권취득결정
Summary
The company resolved to acquire shares of SpaceX (USA, CEO Elon Musk) for KRW 50 billion, equivalent to 7.24% of equity capital and 6.15% of total assets. The investment targets Elon Musk's Terafab vision and SpaceX's growth in AI, satellite communications, aerospace, and advanced semiconductor demand. The acquisition will be executed via on-market purchase in USD, with completion scheduled for 2026-06-16; final share count and stake ratio will be re-disclosed after settlement. SpaceX's latest financials (per SEC Form S-1) show KRW 28.5T in revenue but a KRW 7.5T net loss for the year.
Full Translation
Decision on Acquisition of Other Corporation's Shares and Equity Securities
1. Issuing Company
- Company Name: SpaceX (Space X)
- Nationality: USA
- Representative: Elon Musk
- Capital Stock (KRW): 6,108,000,000
- Relationship with Company: -
- Total Issued Shares: -
- Main Business: AI, space rocket launches, wireless satellite communications internet
2. Acquisition Details
- Shares to be Acquired: -
- Acquisition Amount (KRW): 50,000,000,000
- Shareholders' Equity (KRW): 690,327,519,537
- Ratio to Shareholders' Equity (%): 7.24
- Large Corporation Status: Not Applicable
3. Post-Acquisition Ownership and Stake Ratio
- Shares Owned: -
- Stake Ratio (%): -
4. Acquisition Method: On-market purchase
5. Purpose of Acquisition: Investment in Elon Musk's Terafab and SpaceX's future growth potential, driven by exploding demand for AI, satellite communications, aerospace, and advanced semiconductors.
6. Scheduled Acquisition Date: 2026-06-16
7. Subject to Material Report Filing for Asset Transfer: Not Applicable
- Total Assets at Most Recent Fiscal Year-End (KRW): 813,331,626,120
- Acquisition Value / Total Assets (%): 6.15
8. Backdoor Listing Applicability: Not Applicable
- Plans for Third-Party Allotment within 6 Months: Not Applicable
9. Backdoor Listing Requirement Fulfillment by Issuing Company: Not Applicable
10. Board Resolution Date (Decision Date): 2026-06-12
- Outside Director Attendance: Attended -, Absent 1
- Auditor (Non-Outside-Director Audit Committee Member) Attendance: Attended
11. Subject to Fair Trade Commission Filing: Not Applicable
12. Put Option or Similar Contract: No
- Contract Details: -
13. Other Material Matters for Investment Judgment:
1) The 'Capital Stock' of the Issuing Company in Item 1 and the 'Summary Financial Status of the Issuing Company' are converted at the Seoul Foreign Exchange Brokerage market average rate of KRW 1,527.0/USD as of 2026-06-12.
2) The 'Acquisition Amount' in Item 2 is the planned amount; actual acquisition will be conducted in USD, so the actual amount may vary with exchange rates.
3) The shares to be acquired, acquisition amount, post-acquisition ownership, and stake ratio in Items 2 and 3 will be re-disclosed once actual purchase is completed.
4) The 'Scheduled Acquisition Date' in Item 6 is the (expected) acquisition completion date.
5) The Summary Financial Status of the Issuing Company is based on the Form S-1 prospectus filed with the U.S. Securities and Exchange Commission (SEC).
[Summary Financial Status of Issuing Company]
(Unit: KRW)
Current Year: Total Assets 140,604,633,000,000 / Total Liabilities 77,501,358,000,000 / Total Equity 63,103,275,000,000 / Capital Stock 6,108,000,000 / Revenue 28,515,198,000,000 / Net Income -7,538,799,000,000 / Audit Opinion: Unqualified / Auditor: PricewaterhouseCoopers LLP
Prior Year: Total Assets 87,133,674,000,000 / Total Liabilities 47,730,966,000,000 / Total Equity 39,402,708,000,000 / Capital Stock 4,581,000,000 / Revenue 21,400,905,000,000 / Net Income 1,207,857,000,000 / Audit Opinion: Unqualified / Auditor: PricewaterhouseCoopers LLP
Year Before Prior: Revenue 15,860,949,000,000 / Net Income -7,066,956,000,000 / Audit Opinion: Unqualified / Auditor: PricewaterhouseCoopers LLP