South Korean Retail Investors Buy SpaceX for Fourth Straight Day, Total Near $1.95 Billion

South Korean retail investors in US stocks extended their net buying of SpaceX shares to a fourth straight day, with cumulative purchases approaching $1.95 billion.

Data from SEIBro, the securities information portal operated by the Korea Securities Depository, showed retail investors bought a net $136.67 million of SpaceX shares on June 17. Gross purchases totaled $182.47 million, while sales came to $45.8 million.

SpaceX shares debuted at $135 and surged for three straight days, rising above $200. The stock fell for the first time on June 17, dropping 4.95%.

Retail investors remained net buyers for four consecutive days, though the June 17 tally was down from $670.12 million a day earlier. Over the four days after the listing, they bought a total of $1.9496 billion of SpaceX shares.

That made SpaceX the most heavily net-bought US stock by South Korean retail investors this month, at more than six times the $309.55 million recorded by second-ranked Marvell Technology. In the ranking of the US stocks most widely held by those investors, SpaceX was also closing in on No. 20 Intel, which stood at $2.01389 billion.

After building large positions in SpaceX, South Korean retail investors were net buyers of $846.26 million in the US stock market this month through June 19, based on inquiry data. Total purchases reached $23.67886 billion, versus sales of $22.8326 billion.

Choi Su-jin, Hankyung.com reporter, naive@hankyung.com