SpaceX Valued at 514 Trillion Won... Rapid Growth Driven by Trump
Spotlight on Related Stocks: LG Energy Solution, HVM, and LifeSemantics
As we enter the New Space era, astronomical amounts of capital are flowing into space. Consequently, related stocks are drawing significant attention in the stock market.
According to the aerospace industry on the 13th, the number of space rocket launches worldwide last year reached 261, marking the highest number in human history. Notably, SpaceX, the world's largest private aerospace company led by Tesla CEO Elon Musk, accounted for more than half of these launches, dominating the market. This year, CEO Musk plans to launch Starship rockets more than six times the number of launches from last year.
According to Bloomberg, SpaceX's corporate valuation was recently estimated at $350 billion (approximately 514 trillion KRW). This represents a 66% increase compared to the $210 billion (approximately 308 trillion KRW) valuation during the June 2023 tender offer. Industry insiders expect SpaceX's value to continue rising as the growth of the space industry accelerates with the re-election success of U.S. President Donald Trump.
Previously, during his term from 2017 to 2021, President Trump revived the National Space Council for the first time in 24 years and announced six Space Policy Directives. This is why aerospace industry development is also anticipated under Trump's second administration.
According to Bank of America (BoA), the global aerospace market is expected to rapidly grow to $1.4 trillion (approximately 2,037 trillion KRW) by 2030. In particular, recently commercialized reusable rocket technology has reduced launch costs to one-tenth, significantly increasing commercial viability and profit margins. Additionally, increased investments driven by space-related competition among major countries are further fueling market growth.
As the growth of the aerospace market becomes more visible, the domestic stock market is also actively seeking related stocks.
LG Energy Solution supplies auxiliary power and batteries for SpaceX's next-generation spacecraft Starship project. LG was selected as a battery supplier for NASA's spacesuits and has secured technological reliability in the aerospace industry by participating in safety evaluations of manned spacecraft.
HVM possesses advanced metal manufacturing technology that offers high purity and high strength with durability even in extreme environments. The company reportedly began full-scale supply of advanced special alloys for space launch vehicles to global private aerospace companies starting in 2023.
LifeSemantics is currently pursuing a merger with Sphere Korea, the first-tier vendor of the world's largest private aerospace company. Through this merger, LifeSemantics will secure first-tier vendor status. Sphere Korea supplies special alloys, which are key components of technically demanding rocket launch vehicles, through original equipment manufacturing (OEM).
Jung Eui-hoon, a researcher at Eugene Investment & Securities, said, “The space rocket market is rapidly growing, especially centered in the U.S., with private companies like SpaceX and Rocket Lab playing a leading role, increasing the overall impact on the industry. The high growth of the space rocket market, which forms the foundation of the space industry, is expected to continue this year as well.”
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