SpaceX Starship orbital test plan sends South Korean aerospace stocks up 29.92%

  • SpaceX announced its 14th Starship test flight, prompting gains across South Korean and Japanese aerospace-related stocks.
  • Nara Space Technology climbed 29.92% to 13,850 won, while Sensorview rose 26.56% to 1,768 won.
  • The September 22 mission targets six orbits and deployment of 26 Starlink V3 satellites, pending regulatory approval.

SpaceX’s announcement of the 14th Starship test flight sparked a broad rally in aerospace-related shares in South Korea and Japan. Nara Space Technology surged 29.92% to 13,850 won, or about $10, on the morning of the 17th, nearing the Korea Exchange’s daily price limit. Sensorview, an official SpaceX vendor supplying high-frequency cables, rose 26.56% to 1,768 won, or about $1.3, while Kencoa Aerospace gained about 14% and Contec rose more than 10%. Other South Korean gainers included RF Materials, Spear, Innospace, Kencoa Aerospace, Korea Aerospace Industries and Hanwha Aerospace. In Japan, Asteria, which holds SpaceX shares, rose more than 2.5% after three straight declines, following a 5.15% gain in SpaceX’s stock on U.S. markets the previous day. The Starship mission is scheduled for September 22, subject to regulatory approval, with a target orbit about 275 kilometers above Earth. SpaceX plans to conduct six revolutions over roughly 10 hours before a Pacific Ocean splashdown west of Chile. The flight would be Starship’s first actual Earth-orbital mission after the 13th test in July achieved only a suborbital flight. It is also scheduled to deploy 26 Starlink V3 satellites, each weighing 2,000 kilograms, into orbit for the first time. Investors view a successful mission as potentially supporting expansion of SpaceX’s satellite-internet business and longer-term lunar and Mars exploration plans, although regulatory delays and the vehicle’s history of explosions and failures remain risks for related stocks.

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SpaceX Starship orbital test plan sends South Korean aerospace stocks up 29.92% - CoinPost Terminal