[Market Focus] Spear Rises as SpaceX Projects $15.5 Billion Revenue This Year, Spotlight on Global Vendor

Elon Musk, who founded and currently manages the space company SpaceX, announced that SpaceX's expected revenue for this year will reach approximately $15.5 billion (21.3823 trillion KRW), leading to a rise in the share price of Spear.

As of 2:37 p.m. on June 4, Spear was trading at 9,540 KRW, up 3.47% from the previous day.

On this day, Musk stated on X (formerly Twitter) that SpaceX's expected revenue for this year would reach $15.5 billion. This figure is higher than the previously estimated range of $11 billion (15.1195 trillion KRW) to $13 billion (17.8685 trillion KRW).

In his post, Musk also projected that revenue from NASA would be about $1.1 billion (1.5169 trillion KRW), and mentioned that SpaceX's commercial sector revenue is expected to surpass NASA's entire budget next year.

Space consulting firm Quilty Space forecasted that Starlink's annual revenue would increase from $7.8 billion (10.7195 trillion KRW) in 2024 to $12.3 billion (16.9038 trillion KRW) in 2025. As a result, Starlink's share of total revenue is expected to reach about 80%.

Accordingly, market attention is focusing on Spear, the primary vendor supplying special alloys for key components such as rocket engines and nozzles to the world's largest private aerospace company. Only five companies worldwide possess the technological capability to supply special alloys for rocket launch vehicles, and Spear is being highlighted as a company with both scarcity value and growth potential.

Recently, Spear has signed a series of special alloy supply contracts with global aerospace launch companies, with cumulative orders this year reaching approximately 39 billion KRW. This amount is about 15 times last year's revenue of Lifesemantics before the merger.