Nara Space Technology said on the 22nd that it passed the Korea Exchange's preliminary review for a KOSDAQ listing. Aiming to list in the second half of 2025, it will move forward in earnest with its initial public offering (IPO), with Samsung Securities as the underwriter.
Nara Space Technology is a leading domestic total solution provider for small satellites, offering micro-satellite platform design and development, satellite operation solutions, and satellite imagery sales and analytics services.
In Nov. 2023, it became the first in Korea to successfully launch and communicate with the 25-kilogram-class commercial micro-satellite "Observer-1A," and it developed the CubeSat "K-RadCube," which will fly on NASA's Artemis II mission, as well as the Korea Aerospace Research Institute (KARI)'s space verification satellite (E3T). It also carried out multiple disaster and environmental monitoring projects with the Ministry of Environment and others, verifying its practical, real-world capabilities.
Nara Space Technology was selected in May as a "deep tech corporations" by the Ministry of SMEs and Startups, was named one of the World Economic Forum (WEF)'s 100 Technology Pioneers this year, and appeared on last year's Indo-Pacific Economic Framework (IPEF) list of 100 climate tech startups.
A Samsung Securities official said, "Nara Space Technology proved its technological prowess by successfully launching and operating Korea's first commercial micro-satellite (25-kilogram-class), Observer-1A," adding, "Based on the space heritage it has built since, its order backlog has expanded significantly, and it recently clinched a satellite imagery sales contract with an overseas client, confirming its global growth potential. These achievements are expected to translate into positive investor evaluations during the IPO process."
Chief Executive Park Jae-pil said, "Passing the preliminary review reflects recognition of the reliability of our accumulated satellite manufacturing and operations experience at home and abroad," adding, "We will invest the funds secured through the IPO into building satellite constellations and mass production systems and expanding overseas, strengthening a stable revenue structure and global competitiveness."