[Click eStock] "AP Satellite, Accelerating Growth in the Space Big Cycle"

IM Securities forecasted on the 11th that as government investment in space development increases with the second phase of the lunar exploration project and multipurpose practical satellites, the corporate value of AP Satellite will be re-evaluated.

Researcher Lee Sang-heon of IM Securities explained, "While the global space industry was approximately $386 billion as of 2021, the domestic space industry size is only 3.261 trillion KRW, which is about 1% of the global space industry."

He added, "The government has set a goal to nurture the domestic space industry to reach about 10% of the global market by 2045," and "The implementation of the second phase of the lunar exploration project, which includes the development of a lunar lander, was confirmed after a comprehensive preliminary feasibility study." He emphasized, "About 530.3 billion KRW will be invested as the total project cost," and "The second phase of the lunar exploration project will commence in October this year."

Lee predicted, "An environment will be created to independently develop the lunar orbit and landing verification spacecraft and the lunar lander, and the lunar lander development project will be in full swing starting next year," and "Regarding payloads, after establishing a space exploration roadmap soon, they will be selected through a public contest and then promoted as a separate project from next year."

He explained, "The 425 project, which aims to acquire an independent military reconnaissance satellite, is also underway," and "A microsatellite system project is also being promoted."

AP Satellite developed the data link and EGSE for the payload of the Multipurpose Practical Satellite 6. It also participated in the development of the payload data processing unit for the Multipurpose Practical Satellite 7. The researcher analyzed, "The possibility of AP Satellite participating in the development project of Multipurpose Practical Satellite 7B has increased," and "In an environment where the government is increasing investment in space development, a re-evaluation of AP Satellite’s corporate value is also possible."

This content was produced with the assistance of AI translation services.