Fubon Life Acquires 50,000 Shares of SpaceX, Invests $6.75 Million

(Central News Agency reporter Chao Min-ya, Taipei, June 13) Fubon Financial Holding today announced on behalf of Fubon Life Insurance that it has participated in the initial public offering (IPO) of common shares of Space Exploration Technologies Corp. (SpaceX), acquiring 50,000 shares at $135 per share. The total transaction amount is $6.75 million, excluding commissions and related taxes, demonstrating life insurance capital's strategic investment in space-related business opportunities.

SpaceX, the U.S.-based space exploration technology company, officially listed on the Nasdaq Stock Exchange under the ticker symbol 'SPCX' on June 12, Eastern Time. This globally largest IPO attracted strong investor demand. On its first trading day, the stock closed up 19.22%, reaching a market capitalization of approximately $2.2 trillion, making it the sixth-largest company in the world.

On June 9, Fubon Financial announced on behalf of Fubon Life its intention to participate in SpaceX’s Nasdaq IPO, with a maximum investment cap of $600 million. Today’s supplementary announcement confirms the allocation result: 50,000 shares acquired at $135 per share, totaling $6.75 million, excluding transaction fees and taxes.

According to the announcement, the investment is funded by Fubon Life’s own capital and falls under life insurance fund utilization as permitted by insurance regulations. Whether additional transactions will occur within the next year will depend on market conditions and corporate strategy.

Regarding Fubon Life’s investment in SpaceX, Fubon Financial Chairman Tsai Ming-hsing said in a post-annual shareholder meeting interview yesterday that SpaceX currently holds a very high valuation and maintains a dominant leadership position in the global space industry, making it one of the few globally monopolistic enterprises. SpaceX’s core advantage lies in its reusable rockets, which significantly reduce launch costs, enable missions for NASA, and support satellite launches and commercial services.

He pointed out that SpaceX is further developing low-orbit satellite communications and space-based computing centers, with potential future advancements toward lunar computing bases and long-term Mars habitation concepts. While some of these visions require time to materialize, technological progress continues steadily. He acknowledged market divergence in views on SpaceX but believes that from a 3- to 10-year long-term perspective, the stock holds significant growth potential. (Editor: Chang Chun-mo) 1150613