Tesla and SpaceX Value Chain Included... Mirae Asset's "Musk Ecosystem Fund" Now Available at Banks

"SpaceX-Tesla Value Chain Fund"
Now Available at Banks Starting August 19

From August 19, Mirae Asset Global Investments’ “Elon Musk Ecosystem Fund” will also be available at banks. This product invests directly in Tesla and SpaceX, while also including companies within their supply chains that are expected to benefit from these firms’ business expansion.

Mirae Asset Global Investments announced that it began selling the fund at Woori Bank on this day, after distributing it primarily through securities company branches since its launch in July. The investment base has thus expanded not only to clients of securities firms who are familiar with overseas stock and thematic products, but also to those assembling long-term portfolios via asset management consultations at banks. Starting with Woori Bank, the company plans to gradually expand the number of bank distributors in the future.

This product allocates 20% each to Tesla and SpaceX, with the remaining 60% invested in value chain companies expected to benefit from the business expansion of these two firms. The value chain encompasses a wide range of areas including AI infrastructure, EVs and renewable energy, and robotics and space. The principle is to focus investment on companies with verifiable supply relationships through disclosures or contracts, rather than simply including companies with thematically similar business areas.

Candidate companies for inclusion span both domestic and international firms such as Samsung Electronics, LS ELECTRIC, Dell Technologies, CATL, and STMicroelectronics. The fund views Tesla and SpaceX as the "demand creators" for new industries, with these partner firms providing actual supplies of semiconductors, power devices, batteries, AI servers, satellite components, and more.

Improvements in reusable rocket technology have significantly reduced space launch costs, and battery prices have continued to fall—making previously uneconomical business models such as satellite internet, space data centers, robotaxis, humanoids, and large-scale ESS now viable. As the industry's cost structure changes, new markets are emerging that would have been difficult to establish in the past. Accordingly, not only is there growth for Tesla and SpaceX, but there is also a trend to broaden investment opportunities into the wider supply chain encompassing components, materials, power, and semiconductors centered around these companies.

Additionally, the product focuses on "Physical AI" as implemented in vehicles, robots, and satellites—a differentiation from conventional AI funds that are centered on software such as large language models and cloud computing. The fund anticipates that as Tesla’s robotaxi and humanoid initiatives and SpaceX’s satellite internet and space businesses expand, this will drive demand throughout associated industries like power, semiconductors, batteries, AI servers, and telecommunications components.

Another investment point is the potential for the “Musk Ecosystem” to expand—for instance through increased business integration among Tesla, SpaceX, and xAI—which could further deliver benefits to companies within the related value chain.

Recently, the stock prices of Tesla and SpaceX have undergone corrections from their peaks. Despite declining profits, Tesla has continued to increase its investments in AI-driven businesses such as robotaxis and humanoids. Tesla’s stock price has corrected about 30% from last year's high. SpaceX also saw its stock rise to 202 dollars after its public offering, fall to 108 dollars, and then recover the offering price and rebound.

Jung Daejin, Head of the AI Quantitative Management Division at Mirae Asset Global Investments and the fund’s manager, stated, "It is necessary to pay attention to structural changes in the industry, rather than short-term stock price trends," adding, "Because the fund allocates 40% of investment to Tesla and SpaceX, its volatility may be higher than typical diversified funds, so a long-term horizon of at least five years and installment or dollar-cost averaging strategies are more appropriate."

This content was produced with the assistance of AI translation services.