[Featured Stock] LG Energy Solution's Stock Rises on Potential Supply of Batteries for SpaceX Space Shuttle

On the 11th, LG Energy Solution's stock price surged in the stock market following news that it would supply batteries to SpaceX, Elon Musk's aerospace company.

SpaceX

As of 9:24 a.m. that day, LG Energy Solution was trading at 423,000 KRW, up 6.15% from last week's closing price. The stock price surged sharply from the start of trading and then experienced some correction.

The sharp rise in stock price is interpreted as a result of reports that LG Energy Solution is highly likely to supply batteries to SpaceX. According to industry sources, LG Energy Solution has been requested to supply power supply batteries to SpaceX's space shuttle, "Starship."

Starship is a spacecraft developed by SpaceX with the goal of Mars exploration. It successfully completed its fifth Earth orbit test flight last month. It attracted attention by stably landing at a designated point after orbiting the Earth.

Regarding this, LG Energy Solution stated, "It is difficult to confirm customer-related details." However, in the stock market, the fact that SpaceX requested battery supply is being accepted as a given.