On September 17, shares of space-related companies surged in early trading following the announcement that SpaceX will conduct its first test flight of the Starship spacecraft into Earth's orbit.
According to the Korea Exchange, as of 9:20 a.m., Naraspace Technology was trading at 13,730 won, up 28.80% from the previous trading day. This marks the company's fourth consecutive day of gains, reaching the upper limit of its trading range.
Naraspace Technology provides a range of services across the space industry, including the development, production, and operation of small satellites, as well as satellite data analysis. The company is also engaged in the development and mass production of low-orbit small satellite platforms to secure high-frequency Earth observation imagery.
Kenko Aerospace also saw a significant increase, trading at 11,930 won, up 17.19% from the previous day. Other companies, including Aju IB Investment (up 10.43%), Mirae Asset Venture Investment (up 3.41%), and SensorView (up 18.11%), also experienced gains.
Meanwhile, SpaceX announced plans to conduct its 14th Starship test flight on September 22, pending regulatory approval.
Unlike the 13th test flight in July, which was a suborbital flight, this upcoming test aims to place the Starship into an orbit approximately 275 kilometers above Earth, where it will complete six orbits before landing in the Pacific Ocean west of Chile after 10 hours.
In anticipation of this event, SpaceX's stock rose 5.15% in the previous day's trading on the New York Stock Exchange.
* This article has been translated by AI.
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