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On the first day of SpaceX's listing on the stock market, South Korean retail investors snapped up nearly $800 million worth of SpaceX shares, highlighting strong demand for the Elon Musk-owned company among local investors after being excluded from the largest IPO in the world. According to data from the Korea Securities Depository, South Korean retail investors net purchased $796 million worth of SpaceX (SPCX.O) shares on the first day of listing last Friday, making the rocket and AI company the most popular American stock among the country's over 14 million retail investors. The data showed that this single-day net purchase amount exceeded the cumulative net purchase amount of any other American stock in the past three months. Unlike Japan and Australia, South Korea did not open a direct channel for retail investors to purchase shares during SpaceX's IPO. Instead, Mirae Asset Securities, one of the underwriters of the IPO, provided selected investors with the opportunity to subscribe to the shares. However, the company ultimately did not receive any shares. The Financial Supervisory Service of South Korea, as the country's financial regulatory agency, has expanded its investigation into this brokerage firm to determine the reasons why it failed to successfully obtain SpaceX shares in the IPO.