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BTS Star Suga: Early SpaceX Investor
29 Jun
Summary
- Suga reportedly invested in SpaceX before its public debut.
- His investment through Link Asset Partners yielded up to 40 times returns.
- BTS' agency HYBE declined to comment on the personal investment.
Reports indicate that BTS member Suga made an early investment in Elon Musk's aerospace company, SpaceX. The investment was reportedly made during SpaceX's unlisted period through Link Asset Partners. It is estimated that Suga has achieved returns of up to 40 times his initial investment.
Industry sources suggest that Suga still holds SpaceX shares, which have seen an overwhelming rate of return. In 2020, SpaceX was valued at approximately US$46 billion, rising to about US$100 billion the following year. Following its Nasdaq debut, the company's valuation reportedly climbed to around US$1.77 trillion.
Representatives for BTS' agency, HYBE, have stated that they cannot confirm details regarding an artist's personal affairs. Neither Suga nor Link Asset Partners have publicly commented on the reported investment.
Suga is a prominent rapper, songwriter, and record producer within the South Korean group BTS. Before his debut with the group, he was active as an underground rapper and producer in Daegu under the name Gloss. He is credited with over 160 songs by the Korea Music Copyright Association for his writing, arranging, mixing, and mastering skills.
