Kiwoom Asset Management will list the "KIWOOM U.S. Space Data Center Infrastructure" exchange-traded fund (ETF) on the stock market on Tuesday, the company said Monday.
The product is an ETF that invests in space launch vehicle companies and space data center infrastructure companies, allocating 50% to each. Among launch vehicle companies, it plans to include up to 25% in SpaceX, which listed on the U.S. stock market on Jan. 12.
The recent SpaceX listing has heightened global interest in the space industry. On Wall Street, a growing view sees SpaceX not merely as a launch vehicle company but as a next-generation artificial intelligence (AI) platform company. Against this backdrop, Kiwoom Asset Management plans to allocate 50% of the ETF to launch vehicle companies such as SpaceX and Rocket Lab, and 50% to data center infrastructure companies.
The space data center infrastructure segment consists of value-chain companies needed to build space data centers, including data storage, processing, transmission, and power supply. Nvidia, Intel, Lumentum, First Solar, and STMicroelectronics are among those included.
"Space data centers utilizing satellite networks and space power are drawing attention as a next-generation data infrastructure alternative, and related investment by global companies is also expanding," said Lee Kyung-jun, head of the ETF management division at Kiwoom Asset Management. "We expect the KIWOOM U.S. Space Data Center Infrastructure ETF to become a new investment vehicle for investors who focus on the long-term growth potential of the space industry."
