[News Space=Reporter seungwon lee] Mirae Asset Venture Investment (100790) is emerging as a new 'star stock' in the stock market, soaring 78% in just three trading days amid expectations of the listing of the American space development company SpaceX.

According to the Korea Exchange, Mirae Asset Venture Investment's stock price closed at 17,080 won on December 19, up 19.92% from the previous trading day. Following the previous day's daily limit (29.93%), the stock continued its upward trend, reaching new all-time highs for two consecutive days. At one point in the morning, the price soared to 18,510 won, even touching the upper limit.

In the market, it is analyzed that buying power is concentrated on stocks related to Mirae Asset Group as the possibility of SpaceX's listing on the U.S. stock market becomes more concrete.

According to Reuters, SpaceX Chief Financial Officer (CFO) Brett Johnson recently announced in a shareholder letter that the company has approved a $2.56 billion stock buyback at a price of $421 per share. Based on this transaction, SpaceX's corporate value is approximately $800 billion (approximately 1,182 trillion won).

SpaceX invested $278 million in its shares, with an estimated valuation gain of up to six times

Mirae Asset Group is reported to have invested $278 million (approximately KRW 410.7 billion) in SpaceX between 2022 and 2023. At the time, SpaceX's corporate value was approximately $127 billion, and based on the current market price, a simple calculation suggests a valuation gain of five to six times that amount.

Mirae Asset Venture Investment and Mirae Asset Securities jointly participated, and there are also speculations that additional valuation gains are possible if SpaceX succeeds in listing on NASDAQ in the future.

Eugene Investment & Securities researcher Jeong Ui-hun analyzed, “Currently, among unlisted companies, the corporate value of $800 billion is the world’s highest, surpassing OpenAI (estimated at $500 billion),” and “Considering SpaceX’s technological prowess and high growth rate, the market is predicting that the corporate value could reach $1 trillion to $1.5 trillion in the future.”

The government's KOSDAQ revitalization policy is expected to catalyze a second upward trend

The government's plan to fully implement policies to improve the KOSDAQ market structure and attract long-term capital starting next year is also further raising expectations for Mirae Asset Venture Investment.

The 'National Growth Fund' is expected to be established at a scale of 150 trillion won, and since there is a high possibility that a private investment company will be selected as the fund manager (GP), there are predictions that Mirae Asset Venture Investment, a venture investment house, will directly benefit.

Lee Jun-seok, a researcher at Hanyang Securities, said, “Mirae Asset Venture Investment has a structure that increases the possibility of recovering its core portfolio, including SemiFive, Moloco, and SpaceX,” and “The fact that it is the only listed company directly linked to the increase in SpaceX’s corporate value maximizes its appeal to investors.”

Investment Point: Triple Momentum of Technology, Space, and Venture

Ultimately, the "triple momentum" of anticipation of a SpaceX IPO, the start of a venture capital recovery cycle, and the government's liquidity supply policy are all converging to support Mirae Asset Venture Investment's surge. The prevailing view in the securities industry is that while short-term overheating is possible, the medium- to long-term growth story remains valid once SpaceX's IPO schedule becomes clear.