[Edaily Reporter Park Jeong-soo] #Sphere, a company specializing in Global Supply Chain Management (GSCM), is seeing a sharp rise in its stock price. This is believed to be driven by buying interest following news that the company is expanding its orders from U.S. global space launch companies and strengthening its presence as an aerospace supply chain firm.
According to MP Doctor on the 11th, as of 9:10 a.m., Sphere is trading at 33,000 won, up 11.30% (3,350 won) from the previous trading day.
On this day, Sphere Corporation announced that the cumulative purchase orders (POs) secured from a major U.S. global space launch company have exceeded $228 million (approximately 330 billion won) just over a year after the merger was completed in March of last year.
This exceeds the initial minimum guaranteed volume under the 10-year Long-Term Agreement (LTA) signed by the two companies. The company explained that demand for core materials is increasing as the customer’s mass production schedule for next-generation launch vehicles accelerates.
The global space industry is rapidly transitioning into the “New Space” era, where private companies are leading launch services and the construction of low-Earth orbit satellite communication networks. According to market research firm NovaSpace, the global space economy is projected to grow from $626.4 billion in 2025 to $1.01 trillion by 2034.
Sphere is establishing a “Supply Integrator” model that comprehensively manages the entire supply chain, from defining raw material specifications to procurement and quality control. In particular, the company explained that it has secured supply chain competitiveness by shortening the procurement lead time for key aerospace materials—such as special alloys for rocket engine nozzles—from the previous 40 to 80 weeks to 4 to 12 weeks.
The company is also expanding the aerospace materials value chain centered on Korea by establishing long-term supply partnerships with domestic materials companies. Recently, it invested in the Indonesian ENC project to secure Class 1 nickel, a raw material for special alloys.
A Spear Corporation official stated, “The cumulative orders of 330 billion won in the year following the merger demonstrate our role as a key supplier within the global space value chain,” adding, “We will expand our business scope into industries requiring high-reliability specialty metal materials, including the space industry, defense, energy, and AI infrastructure.”