Is the period after the SpaceX lockup release an opportunity? | So Hyeon-cheol, Adjunct Professor, Sangji University

Summary

So Hyeon-cheol, adjunct professor at Sangji University, discusses why the AI-driven semiconductor supercycle still has room to run until SpaceX lockup shares hit the market in September. He details a SpaceX dip-buying strategy, evaluates Korean defense plays Hanwha Aerospace and KAI, and previews a potential leadership shift into shipbuilding, steel, and biotech as oil prices fall and geopolitics evolve.

• US hyperscaler capex doubling sustains memory supercycle for Samsung and SK Hynix at least through summer
• SpaceX shares are overvalued due to tiny float; lockup expiry from September will create a better entry price
• Hanwha Aerospace is the closest Korean SpaceX proxy via its Hyunmoo-5 missile and launch technology
• KAI offers long-term upside through satellite manufacturing and KF-21 fighter as air/space defense focus grows
• Normalization with North Korea and US Navy MRO demand could make shipbuilding and steel the next market leaders
• Falling oil prices, driven by supply from Russia, Iran, and Venezuela, will lower costs and revive KOSDAQ biotech
• Ground defense momentum may fade post-Ukraine, shifting investor attention to air, space, and maritime defense