Magnificent 12 Companies in Korea (Beneficiaries of SpaceX IPO) To Become Dirty Dozen?

• The most viewed insight that I published in the past six months was Top 12 Korean Companies - Key Beneficiaries of the SpaceX IPO in 2026 (14 December 2025)

• In this insight, I highlighted 12 companies in Korea that could best outperform due to the upcoming IPO of SpaceX.

• The share prices of these 12 companies are up on average 137% from 12 December 2025 (when I published the insight Top 12 Korean Companies - Key Beneficiaries of the SpaceX IPO in 2026 to 30 April 2026. In the same period, KOSPI and KOSDQ are up 58.4% and 27.2%, respectively.

• The key thesis of this insight is that the easy money on these companies is gone. Overall, I would be very cautious on chasing after these stocks anymore.