The Korea Times
NASA's historic Artemis II lunar launch and SpaceX's anticipated record-breaking initial public offering (IPO) are driving massive capital inflows into Korean aerospace equities and exchange-traded funds (ETFs). NASA successfully launched Artemis II on Wednesday at 6:35 p.m. (local time), marking the first crewed lunar mission in 54 years. The milestone accelerated market momentum sparked by a Bloomberg report that SpaceX filed confidentially for an IPO with the U.S. Securities and Exchange Commission for a June listing. SpaceX is targeting a 2,648 trillion won ($1.76 trillion) valuation and a $75 billion capital raise, which would surpass Saudi Aramco's record $29 billion IPO. Korean market shifts Domestic asset managers moved quickly to launch aerospace ETFs to capture the capital rotation. Korea Investment Management received a Korea Exchange ticker symbol for its ACE US Space Tech Active ETF, expected to launch in May. Hana Asset Management introduced the 1Q US Aerospace Tech ETF last November, while Samsung Asset Management rolled out the KODEX US Aerospace ETF last month. Korean ae
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