ReutersReuters

LG Energy Solution jumps on reports of supply deal with Musk's SpaceX

RefinitivLess than 1 min read

** Shares of South Korean battery maker LG Energy Solution 373220 jump on reports that it would supply Elon Musk's SpaceX with batteries

** LG Energy Solution is currently developing battery products for SpaceX's next-generation space shuttle dubbed "Starship", South Korea's Yonhap news agency reported on Sunday, without clear sourcing

** LG Energy Solution declined to comment on specific customers, in response to Reuters' query

** LG Energy Solution rises as much as 9.3% to the highest in a month and is set to post its biggest daily jump in a year if current gains hold

** The broader KOSPI market KOSPI falls 0.6%, as of 0033 GMT

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