The Ball SpaceX Launched, What Impact Will It Have on Domestic Stocks? | Han Yu-geon, Hana Securities Research Center Team Leader

Summary

Han Yu-geon, a Hana Securities research team leader, discusses the space industry's growth driven by SpaceX's upcoming IPO and the rise of physical AI. He recommends specific Korean stocks: Almac for space materials, satellite manufacturers Setrec Eye and Lumi for H2, and SI companies Samsung SDS, Hyundai AutoEver, LG CNS, and POSCO DX for their physical AI transition. The speaker advises buying Korean space-related stocks on any post-IPO selloff and emphasizes that the space sector's valuation is justified by future earnings.

• Space industry growth is explosive, with SpaceX IPO as a key catalyst.
• Almac recommended for its aluminum space supply chain entry.
• Satellite manufacturers Setrec Eye and Lumi worth watching in H2.
• Korean SI firms like Samsung SDS and POSCO DX are pivoting to physical AI.
• Investors should buy Korean space stocks on any SpaceX IPO selloff.
• Space valuations are justifiable using 3-year forward earnings and market share assumptions.
• Physical AI theme (robotics, drones) is closely tied to Korea's manufacturing strength.
• Space tourism and satellite data centers are emerging long-term opportunities.