00:00Three numbers before the open. $681 million. That's how much Korean retail investors bought
00:07of SpaceX last month. Tesla net sell-offs hit $639 million. Almost all of it moved into SpaceX.
00:15It's Thursday, November 12. Here's what today's story could mean for the Korean market.
00:19Retail investors in Korea sold Tesla and Tesla-linked leveraged ETFs aggressively over the
00:25past month. The sell-off totaled $639 million across both. Over the same period, SpaceX was the
00:33fourth-largest net buy overall, and the second-largest among individual stocks. Here's what the numbers
00:38show. Tesla closed at $378.05, down 1.22%. Its high was 407.46, and its low was 343.69.
00:51SpaceX fell 12.61%,
00:53dipping below its offering price before closing at 142.07. Retail money bought the dip and held
01:01SpaceX worth $3.368 billion, lifting its rank among Korean holdings from 18th to 14th.
01:09The reason is a merger. Tesla shares could convert into SpaceX shares through a reverse triangular
01:15merger, and a tax rule treats that exchange as a sale. Investors may be trying to avoid that tax bill.
01:21So what does this mean for stock investors watching SpaceX and Tesla? Capital is rotating
01:26inside Elon Musk's orbit, not leaving it. The wager is that SpaceX becomes the holding company.
01:33Earlier, we said the money moved on a tax deadline and a merger signal. Here's what that actually means
01:38for you. If you hold Tesla or its leveraged ETFs, the merger structure now determines your exposure,
01:45not just the stock price. Track the merger special committee's next filing and the tax treatment it
01:50implies. That's today's AI Prism. Stock investors. This episode was produced with AI assistance based
01:57on Seoul Economic Daily reporting. AI Prism is a Juan IFRA award-winning series. We'll be back tomorrow.
