Hanmi Semiconductor's shares have risen over 20% following the announcement of a 50 billion won investment in SpaceX.
According to the Korea Exchange, as of 1:48 PM, Hanmi Semiconductor's stock was trading at 349,500 won, up 58,500 won (20.10%) from the previous trading day.
The decision to invest in the aerospace company SpaceX has sparked optimism among investors regarding future growth potential.
Hanmi Semiconductor announced at 9:01 AM that its board of directors had resolved to invest 50 billion won in SpaceX.
This investment represents approximately 7.24% of the company's equity, which totals 690.3 billion won. The acquisition is scheduled for June 16 and will be conducted through on-market purchases.
The company stated that the investment aims to capitalize on the explosive demand for artificial intelligence (AI), satellite communications, aerospace, and advanced semiconductor technologies, highlighting the growth potential of Elon Musk's Terafab and SpaceX.
SpaceX is set to go public tonight, with an expected market capitalization of $1.75 trillion based on an offering price of $135 per share. The offering size is projected to be $75 billion, surpassing the previous record held by Saudi Aramco at $29.4 billion.
Lee Jae-gwang, a researcher at LS Securities, noted that while the price-to-sales ratio (PSR) is high based on the offering price, SpaceX has secured a near-monopoly position in the infrastructure layer of the AI, connectivity, and space markets. He added that the vertical integration from infrastructure to chips (Terafab) to models (Grok) and applications (Cursor) could significantly improve profitability in the long term.
* This article has been translated by AI.
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