Sphere, a company specializing in aerospace special alloys, recorded a limit increase in the early trading on the 1st after news that it signed a long-term supply deal with SpaceX.
As of 9:07 a.m. on that day, Sphere reached the upper limit at 14,170 won, up 3,270 won (30%) from the previous trading day.
Sphere announced that it had signed a long-term supply contract with SpaceX for special alloys worth up to $1.054 billion (approximately 1.47 trillion won) until 2035. The contract products include nickel and superalloys used for rocket launch vehicle engines and nozzles. The confirmed contract for next year amounts to 77.4 billion won and is expected to contribute 20 billion won to operating profit each year.
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