Kiwoom to List 'KIWOOM US Space Data Center Infrastructure ETF' on June 16

Kiwoom Asset Management will list the "KIWOOM US Space Data Center Infrastructure" exchange-traded fund (ETF), which includes SpaceX, on the Korea Exchange on June 16.

According to Kiwoom Asset Management on June 15, this ETF invests in companies involved in space launch vehicles and space data center infrastructure. Its most notable feature is that it can allocate up to 25% of its portfolio to SpaceX, which was listed on the US stock market on June 12.

Recently, Wall Street has increasingly re-evaluated SpaceX not just as a rocket launch company but as a next-generation artificial intelligence platform company that encompasses AI, satellite communications, and data infrastructure. In reality, SpaceX is rapidly building a global data network through its low-Earth orbit satellite internet service, Starlink, and is being highlighted as a strong alternative to absorb the explosive demand for data transmission driven by the expansion of the AI industry.

The KIWOOM US Space Data Center Infrastructure ETF is designed to reflect these changes, investing 50% in space launch vehicle companies such as SpaceX and Rocket Lab, and 50% in companies specializing in space data center infrastructure.

The space data center infrastructure segment consists of core value chain companies necessary for building space-based data centers, including those involved in data storage, processing, transmission, and power supply. The ETF includes Amazon and Alphabet, which are developing their own space data businesses; semiconductor manufacturers such as Nvidia and Intel, which play a key role in the core computations of space data centers; Lumentum, which possesses satellite laser communication technology; First Solar, a space solar energy company; and STMicroelectronics, which supplies communication chips and power semiconductors used in space and satellite environments. Intel is reportedly a key partner in SpaceX’s large-scale semiconductor manufacturing project, Terafab, while STMicroelectronics is known to supply essential communication chips for SpaceX’s Starlink.

Lee Kyungjun, Head of ETF Management at Kiwoom Asset Management, said, "With the growth of the AI industry, demand for data storage and computation is surging, making power supply and cooling efficiency the key challenges for the data center industry. Accordingly, space data centers, which utilize satellite networks and space-based power, are attracting attention as the next-generation data infrastructure alternative, and global companies are also expanding their related investments." He added, "The KIWOOM US Space Data Center Infrastructure ETF is a product that allows investment in companies comprising the space data center ecosystem, including the recently listed SpaceX. As such, we expect it to offer a new investment vehicle for those who are focused on the long-term growth potential of the space industry."

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