Elon Musk‘s space company SpaceX
Sam Altman ChatGPT Company Open AI
Both valuable companies are a love call to KIC
KIC, a sovereign wealth fund operating at 265 trillion won
Interested in investing in SpaceX and Open AI?
news/cms/202411/15/news-p.v1.20230925.92c04a28bf734a9db9ccd778c97b5b99_R.jpg" data-width="600" data-height="400" /> enlarge photo [Courtesy of KIC]
Sovereign wealth fund Korea Investment Corporation (KIC) has begun reviewing investments in Space
According to the investment banking (IB) industry on the 15th, KIC recently received investment proposals from two companies, SpaceX and Open AI, and began reviewing whether to invest. The investment scale and schedule have not yet been determined.
An IB industry official explained, “KIC, a sovereign wealth fund, has an investment amount of at least 100 million dollars per case,” adding, “If the investment is made, at least 100 billion won of our own money will be invested.”
news/cms/202411/15/news-p.v1.20231219.4132f40cc86444fa8440e1da0d7a451e_R.jpeg" data-width="2835" data-height="3544" /> enlarge photo The SpaceX “Starship” launches soon after 7:00 AM on its second test flight from Orbital Launch Pad 1 at the company‘s Starbase Facility in Boca Chica, Tx. on Saturday November 18, 2023. SpaceX plans to use the Starship to ferry crews to and from the moon on NASA’s Artemis program. .Photo by Joe Marino/UPI/2023-11-18 23:45:47/
According to American media, the current corporate values of SpaceX and Open AI amount to $210 billion (294 trillion won) and $157 billion (219 trillion won), respectively.
The American space company Space This is because SpaceX recently succeeded in returning the first stage propellant (booster) of the spacecraft Starship to the place where it was launched. Starship is a spacecraft being developed by SpaceX with the goal of exploring Mars.
The global capital market predicts that SpaceX’s corporate value will soar to $800 billion (approximately 1,120 trillion won) if the stability of Starship, Space
According to U.S. media, as of 2020, Space Since then, global asset management companies and venture capitals such as Brookfield Asset Management and Sequoia Capital in the U.S., as well as Mirae Asset Venture Investment and Aju IB Investment in Korea, have invested in SpaceX.
news/cms/202411/15/news-p.v1.20241112.682c1b986cf54f229e64ac7cce5b0a05_R.jpg" data-width="2835" data-height="1891" /> enlarge photo Sam Altman, CEO of OpenAI, speaking at Microsoft’s annual developer conference ‘Build’ held in Seattle, USA in May. OpenAI, the developer of AI agent service ChatGPT, recently launched its search engine ‘ChatGPT Search’ for paid subscribers.
Open AI, led by Sam Altman, is the person responsible for causing the AI revolution, the ‘ChatGPT sensation’, since last year.
Microsoft (Microsoft), a big American tech company, has invested about $13.7 billion (about 18 trillion won) in Open AI since 2019. MS’s shareholding in OpenAI has reached 49%, but the shareholding may fluctuate somewhat as OpenAI is seeking to reorganize its governance structure between non-profit and for-profit corporations.
In addition to MS, Thrive Capital, Softbank, and NVIDIA have invested in Open AI.
KIC manages foreign currency assets entrusted to it by the Bank of Korea and the government’s foreign exchange equalization fund. At the end of last year, assets under management (AUM) reached $189.4 billion (265 trillion won).
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