Will SpaceX IPO This Year? Should You Invest in US Aerospace Now? | Kim Seung-hyun, Head of ETF/Quant Solution, Hana Asset Management

Summary

The video is a global interview with Kim Seung-hyun, Head of ETF/Quant Solution Division at Hana Asset Management, on whether US space and aerospace stocks are still investable as SpaceX moves toward a potential IPO. Kim argues the space industry is a multi-year secular theme with 2026 as a catalyst-rich year, highlighting SpaceX's expected IPO, Rocket Lab, AST SpaceMobile, satellite communications, Artemis, and policy support for space and defense. He also warns about near-term volatility and says investors should monitor developments rather than chase short-term moves.

• SpaceX is expected to IPO in late 2026, with indirect pre-IPO exposure available through some ETFs or funds.
• The guest sees the space and aerospace industry as a long-term secular growth theme with many 2026 catalysts.
• Satellite communications is framed as critical infrastructure for AI, robotics, shipping, aviation, and disaster response.
• Rocket Lab is discussed as the main listed SpaceX competitor and a beneficiary of NASA and defense contracts.
• AST SpaceMobile is highlighted for direct-to-cell satellite technology and a potential 2026 commercial turnaround.
• Artemis, lunar supply chain, and US defense/space policy are cited as additional investment themes.
• Risks include high short-term volatility and uncertain timing of launches, earnings, and the SpaceX IPO.
• Early in the video, natural gas and FOMC inflation/rate commentary was noted but not developed into a clear trade.