According to the IT industry on the 13th, Nexon’s holding company, NXC, invested in a new stock of convertible preferred stocks worth $1.9 billion (approximately 290 billion won) that SpaceX recruited in August last year. NXC invested in a fund created by a Korean asset management company as a special purpose corporation (SPC) by participating in about 60% of the funds. Convertible preferred stocks are preferred stocks that have the right to exchange for other types of securities after a certain period of time, and are usually exchanged for common stock. An official from NXC said, “The amount was allocated through competition through a general public offering procedure.”
SpaceX is an aerospace company founded by Elon Musk, who is also the founder of the electric vehicle company Tesla. In May of last year, the first private space company succeeded in loading the manned spaceship’Crew Dragon’ on its own recycling rocket’Falcon 9’and docking it at the International Space Station (ISS). In the IT industry, analysts say that CEO Kim is exploring the possibilities of various new businesses. Previously, CEO Kim had a precedent of acquiring non-game companies such as Stoke, a Norwegian baby products company, and Bricklink, an online LEGO block trading site. Recently, it has been mentioned as one of the candidates for acquisition of Bithumb, the largest cryptocurrency exchange in Korea. Reporter Lee Kun-hyuk [email protected]
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