스페이스X부터 로켓랩까지 우주항공 관심 고조...한국 은 어디까지 왔나? | 정의훈 유진투자증권 연구위원 [인뎁스60]

Watch on YouTube ↗  |  January 23, 2026 at 00:42  |  24:15  |  3PRO TV (삼프로TV)
Speakers
Jeong Eui-hoon — Researcher, Eugene Investment & Securities

Summary

Jung Eui-hoon, a research fellow at Eugene Investment & Securities, discusses the global space industry's strong momentum, focusing on SpaceX's potential IPO and its implications for listed space equities. He explains SpaceX's launch dominance and Starlink's recurring revenue, contrasts the launch market with the larger services and ground-equipment markets, and notes rising military satellite demand from geopolitical conflict. He also expresses skepticism about space-based AI data centers due to unresolved heat, radiation, and maintenance issues.

  • Space sector momentum is being driven by expectations for a SpaceX IPO.
  • SpaceX leads commercial launch and has a fast-growing Starlink satellite broadband business.
  • Satellite services and ground equipment are larger space markets than rocket launches.
  • Geopolitical conflict is increasing demand for military communications and reconnaissance satellites.
  • The speaker is skeptical of space-based AI data centers because of heat dissipation, radiation, and maintenance challenges.
  • Rocket Lab is mentioned mainly as a valuation comparison for SpaceX.
  • Korean space activity is discussed but without a clear investment call.
  • SpaceX Starship is framed as a future SpaceX catalyst and Artemis 3 requirement.
Ideas
Jeong Eui-hoon Researcher, Eugene Investment & Securities 1:43
Space sector momentum from SpaceX IPO.
The global space sector is seeing unusually strong momentum because SpaceX's potential IPO could trigger a revaluation of listed space companies. The speaker notes that space stocks in the US, China, and Korea have already risen sharply and expects space-industry news flow to continue through the year rather than being a one-off momentum burst.
SPACE HIGH
Jeong Eui-hoon Researcher, Eugene Investment & Securities 2:00
SpaceX IPO offers dominant space exposure.
SpaceX is the dominant commercial launch player, launching Falcon 9 around three times per week and 165 times last year, while Starlink provides a larger, recurring, non-cyclical revenue stream with users doubling from 4.5 million to 9 million. If SpaceX lists in the second half at an expected $1 trillion to $1.5 trillion valuation, it would become directly investable and could revalue the whole space sector.
SPCX HIGH
Jeong Eui-hoon Researcher, Eugene Investment & Securities 8:30
Satellite communications offers recurring non-cyclical growth.
Satellite communications is the largest part of the space economy, not rocket launches, and Starlink shows the demand is recurring and non-cyclical. Its subscriber base doubled from 4.5 million to 9 million in a year, with expansion into underpenetrated Asia, the Middle East, and Africa, plus maritime, aviation, B2B, and B2G applications.
Satellite communications HIGH
Jeong Eui-hoon Researcher, Eugene Investment & Securities 10:31
Ground equipment demand grows with subscribers.
Ground equipment, especially antennas, is the second-largest space market and should grow as satellite service subscribers increase. The speaker notes that customers need ground terminals to receive service, so rising satellite adoption directly expands the equipment market.
Space ground equipment MED
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This 3PRO TV (삼프로TV) video, published January 23, 2026, features Jeong Eui-hoon discussing SPACE, SPCX, Satellite communications, Space ground equipment. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jeong Eui-hoon  · Tickers: SPACE, SPCX, Satellite communications, Space ground equipment