Category: Defense & Space
-
First Analysis of SpaceX (SPCX) IPO: A Comprehensive Summary of Lock-up Schedule, Projected Revenue, and Growth Potential
SpaceX (SPCX) has a 12-month baseline target price of $190 and a Hold rating. This report summarizes the 12-month staggered lockup release schedule following the record-breaking IPO, projected 2026 revenue of $27–30B (approximately 41–46 trillion KRW), Starlink-centric growth potential, and key risks. Analysis date: June 18, 2026; applicable exchange rate: 1 USD = 1,533 KRW.
-
EcoStar SATS Stock Analysis: Restructuring and Potential Rebound for a Satellite Communications Infrastructure Company
Ecostar (SATS) 12-month baseline target price $138 (approx. 208,932 KRW) · Investment opinion: Hold. This analysis examines a highly volatile stock that has transformed from a telecommunications company into a success story involving asset revaluation by selling $40 billion worth of spectrum to AT&T and SpaceX, but carries the double-edged sword of approximately 44 trillion KRW in debt and fluctuations in the value of its SpaceX stake. Analysis date: June 15, 2026; applicable exchange rate: 1 USD = 1,514 KRW.
-
Globalstar GSAT Stock Outlook: Analysis of Expectations for Cooperation Between Satellite Communications and Apple
Globalstar (GSAT) 12-month baseline target price $89 (approx. 135,280 KRW) · Investment opinion: Hold. We analyze a satellite communications stock with high volatility in the event the deal falls through, although it features an arbitrage structure with a virtually fixed upper limit following Amazon's agreement to acquire it at $90 per share. Analysis date: June 15, 2026, applicable exchange rate: 1 USD = 1,520 KRW.
-
Satellologic SATL Stock Analysis: Assessing the Investment Appeal of a Low-Cost Earth Observation Satellite Company
Satellologic (SATL) is an American space company that provides daily 1-meter resolution imagery through low-cost Earth observation satellites. Although Q1 2026 revenue surged by 801 TP3T year-over-year and the company recorded its first-ever positive operating cash flow, this analysis examines a highly volatile stock characterized by a high valuation reaching 48 times revenue and uncertainty surrounding the upcoming launch of the Merlin satellite. Analysis Date: June 14, 2026 · Applied Exchange Rate: 1 USD = 1,522 KRW (All KRW conversions in this text were calculated using this exchange rate) ·…
-
Spire Global SPIR Stock Price Outlook: Growth Potential and Risks of a Space Data Platform Company
Spire Global (SPIR) 12-month baseline target price $22 (approx. 33,550 KRW) · Investment opinion: Hold. This analysis covers a highly volatile space data stock characterized by a high valuation of 11x revenue and persistent operating losses, although its strengths lie in the transition to net cash following the sale of its offshore business and guidance for FY2026 revenue growth of $7.5–8.5M (approx. 114.4–129.6 billion KRW) and over 50%. Analysis date: June 13, 2026; applicable exchange rate: 1 USD = 1,525 KRW.
-
BKSY Stock Analysis: Can It Be Viewed as a Beneficiary of Real-time Satellite Information and Defense Data?
BKSY (Black Sky) 12-month baseline target price $41 (approx. 62,648 KRW) · Investment opinion: Hold. We analyze a high-volatility space intelligence stock characterized by a high valuation at a P/S of 13x and a short selling balance of 21%, despite an upward revision of FY2026 guidance ($130M–$150M) and a backlog of $380M (approx. 580.6 billion KRW). Analysis date: June 12, 2026; applicable exchange rate: 1 USD = 1,528 KRW.
-
ViaSat Stock Outlook: Assessing Potential for a Rebound Amidst Satellite Internet Competition
VSAT 12-month baseline target price $72 (approx. 109,440 KRW) · Investment opinion: Hold. Despite a record order backlog $4.1B (approx. 6.232 trillion KRW) and double-digit growth in defense and space, valuation burdens and net debt coexist following a 1-year surge. Analysis date: June 11, 2026, applicable exchange rate: 1 USD = 1,520 KRW.
-
Iridium IRDM Stock Analysis: Long-term Investment Points for a Stable Satellite Communications Company
Iridium (IRDM) has a 12-month baseline target price of 1 TP 4 T 45 (approx. 68,400 KRW) and a Hold rating. Although the stock possesses stable IoT and government revenue based on a network of 66 LEO satellites and growth options from Project Stardust D2D, it is currently in a high-valuation zone where the current price exceeds the average analyst target price due to a surge of 1,931 TP 3 T since the beginning of the year. Analysis date: June 10, 2026, applicable exchange rate: 1 USD = 1,520 KRW.
-
Planet Labs PL Stock Outlook: Analysis of Satellite Imagery and Earth Observation Data Market Growth Potential
Planet Labs (PL) 12-month baseline target price $40 (approx. 62,120 KRW) · Buy rating. We analyze the world's largest Earth observation satellite data company, which saw Q1 revenue increase by +42%, RPO by 81%, and backlog by 72%. Analysis date: June 9, 2026, applicable exchange rate: 1 USD = 1,553 KRW.
-
Intuitive Machines LUNR Stock Analysis: Is It a Beneficiary of the Era of Commercialized Lunar Exploration?
Intuitive Machines (LUNR) has a 12-month baseline target price of $41 (approx. 63,550 KRW) and a Neutral (Hold) rating. This analysis covers a high-volatility space infrastructure growth stock characterized by the coexistence of capital impairment, cash depletion, and dilution from a large-scale capital increase, despite strengths such as an order backlog of $1.1B (approx. 1.705 trillion KRW) and expanded contracts with the Space Force. Analysis date: June 8, 2026; applicable exchange rate: 1 USD = 1,550 KRW.