On the 12th morning, shares grouped as stocks related to a potential SpaceX listing are rising across the board.
As of 10:08 a.m. on the day, Mirae Asset Securities is trading at 29,100 won on the KOSPI, up 2,000 won (7.38%) from the previous session.
INNOX Advanced Materials (14.83%), known to be supplying high-performance advanced materials to SpaceX, and INNOSPACE (26.04%), a private space launch vehicle corporations, as well as SeAH Besteel Holdings (5.51%) and HVM (13.1%), are also showing strong share prices.
Ko Yeon-su, a Hana Securities analyst, said, "As of the end of the third quarter last year, Mirae Asset Securities' investment-purpose asset stood at about 10 trillion won, and there is a strong possibility that valuation gains on unlisted investment assets, including SpaceX, will begin to be reflected in earnest." The analyst added, "Accordingly, we raise our net profit estimates for this year and next year to 1.6 trillion won and 1.5 trillion won, respectively," lifting the target price from 26,000 won to 36,000 won.
There is analysis that the possibility of a SpaceX listing could change the market's expectations for the broader space industry. Jeong Ui-hun, an analyst at Eugene Investment & Securities, said, "If SpaceX lists with a massive corporate valuation recognized, the valuation of the leader could rise, resetting the valuation benchmarks for global space corporations overall."