[Market Focus] Nanoteam Surges Over 20% as Gap Filler Supply to SpaceX Draws Attention
Shares of Nanoteam, a company specializing in thermal management materials for electrification, are showing strong performance. The stock appears to be gaining attention due to its history of supplying liquid-type thermal interface materials, following news of SpaceX's planned listing next year in the United States.
As of 9:43 a.m. on the 16th, Nanoteam's share price had risen by 23.26% from the previous day, reaching 6,200 won. The positive momentum is believed to be driven by reports that SpaceX is aiming for an initial public offering (IPO) in the latter half of next year. According to Bloomberg, SpaceX is expected to go public with a corporate valuation of 1.5 trillion dollars. Considering SpaceX's projected sales of 15 billion dollars this year and 22 to 24 billion dollars next year, the price-to-sales ratio (PSR) for next year is estimated to be between 62.5 and 68.2 times.
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Nanoteam's main products are gap fillers (liquid) and gap pads (film), both of which are thermal interface materials. These products dissipate heat generated by batteries to prevent performance degradation and reduce the risk of fire. In 2017, Nanoteam was selected as a main supplier to Hyundai Motor Group and has since been supplying key models such as the Kona EV, Ioniq 5, and Ioniq 9. Last year, the company also supplied paid samples of its gap filler to SpaceX.
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