Did BTS’ Suga score one of K-pop’s biggest investment wins with an early SpaceX bet?

SEOUL, June 29 — BTS rapper Suga may have quietly pulled off one of K-pop’s biggest investment wins after reportedly backing Elon Musk’s SpaceX years before the aerospace company’s blockbuster stock market debut, according to South Korean outlet Edaily.

Citing unnamed investment banking sources, Edaily reported today that Suga invested in SpaceX through South Korean venture capital firm Link Asset Partners sometime before 2022. The report did not disclose how much the K-pop star invested or exactly when the investment was made.

If the report is accurate, the timing could prove remarkably lucrative.

SpaceX was valued at around US$46 billion in 2020 before rising to roughly US$100 billion the following year. After its June 12 Nasdaq debut, which Edaily described as the largest initial public offering in US history, the company’s valuation reportedly climbed to about US$1.77 trillion.

Based on those figures, an investment made in 2021 could have appreciated by about 1,670 per cent, while one made a year earlier could theoretically have risen by nearly 3,750 per cent.

However, Suga’s actual returns cannot be determined because neither the size of his reported investment nor its precise timing has been made public.

If accurate, the report offers a rare glimpse into the BTS member’s investment portfolio beyond entertainment, suggesting he gained exposure to one of the world’s most valuable aerospace companies well before its Wall Street debut.

Hybe declined to comment on the report.

“It is difficult to confirm matters related to an artist’s personal affairs,” a company official told Edaily.

Neither Suga nor Link Asset Partners has publicly commented on the reported investment.