As SpaceX and Tesla have recently plunged together, Western ants, who have invested more than 30 tri..

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As SpaceX and Tesla have recently plunged together, Western ants, who have invested more than 30 trillion won for the Elon Musk premium, are shedding tears.

According to the Korea Securities Depository Securities Information Portal Savro on the 27th, Tesla is the most owned stock by Seohak ants. Based on the storage amount on the 23rd, it amounts to about $18.5 billion (about 27 trillion won). As of the same day, SpaceX also has about $1.4 billion (about 2 trillion won), with nearly 30 trillion won tied to Elon Musk alone.

Even this is due to the recent decline in Tesla and SpaceX’s stock prices, which has significantly reduced their valuation. Because of this, it is estimated that the loss of the West Asian ants is significant. In the case of Tesla, the amount of West Ham ants held reached about $28 billion at the beginning of this year, and SpaceX also once held $2 billion since its listing on the 12th of last month.

Tesla’s stock price started this year at $438, which was well over $400, but recently fell to $313.03, dropping by about 30%. On the 23rd, immediately after the second quarter’s earnings announcement, it fell by nearly 15%, with the market capitalization evaporation alone reaching $215 billion during the period.

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Tesla’s stock price rarely rebounded because its performance fell short of market expectations due to intensifying competition for electric vehicles, and uncertainties over future businesses such as artificial intelligence (AI) and robot businesses increased.

Tesla’s revenue rose 26% year-on-year to $28.236 billion in the second quarter as global vehicle deliveries increased, but profitability deteriorated significantly due to price cuts.

In particular, large-scale investments in AI, robo-taxi, and humanoid robots have sharply increased facility investment, and the fact that free cash flows have turned negative for the first time in about two years has greatly dampened investor sentiment. In addition, the company presented a more conservative schedule for the commercialization of Robotaxi and Optimus in the earnings announcement than market expectations, and electric semi-trucks also maintained their production targets for this year, but focused on starting production rather than mass production, drawing market concerns.

The situation in SpaceX is not easy either. It once soared to $225 after going public at $135 last month, but is now down to $115 – a nearly 50% drop from its peak. The stock price is below the public offering price within weeks of going public, and the market capitalization is down more than $1 trillion from its peak.

Due to this drop in stock prices, short selling forces, which Musk has been allergic to, are estimated to have made unrealized profits worth about $15.5 billion. According to data analyst Otex Technologies, the borrowed shares are about 360 million, or 56% of the circulating shares.

However, on the 24th (local time), the successful test-launch of the large spacecraft Starship, which will realize Musk’s space plan, enabled him to take a breather. Starship is the world’s largest and strongest space launch vehicle with a total height of 124 meters and a maximum takeoff thrust of about 8240 tons. If Starship is commercialized, it is expected that the economic feasibility of the satellite Internet business will be greatly improved as it will be able to launch next-generation Starlink satellites in large quantities at once and reuse projectiles at the same time.

However, some in the market say that “technical success and rising stock prices are separate issues.” The Starship test flight is an important event that proves long-term growth, but the current stock price already has a large portion of future expectations.

As a result, the market’s attention is focused on the 4th of next month, the first earnings release in SpaceX’s history. Actual performance improvements such as the increase in Starlink subscribers, profitability, and expansion of AI satellite business are expected to act as variables in stock prices in the future.