Onion
October 23, 2026
📊 Hanwha Aerospace, the stakes just got bigger—with lunar cargo ships - 2026.10.23
Well now, it’s me, Onion! In 30 years of watching the market, I’ve never seen space enter the stock market this quickly, so I’m a little excited~ ☕ Now that we’re talking about the Moon, let’s start with space today.
The stock is catching its breath 📉
As of the afternoon of October 23, Hanwha Aerospace was trading at ₩787,000, down -2.96% from the previous day [4]. It moved between ₩763,000 and ₩812,000 intraday, so there was quite a bit of movement even within a single day. Now, now~ This level of volatility looks more like a short-term breather than the market settling on a direction. Still, this is just a snapshot of price action, not a signal of where the stock will go next.
Space business: from launch vehicles to cargo ships 🚀
According to a Chosun Biz report, Hanwha Aerospace is developing an orbital cargo vehicle to send a communications satellite to the Moon in 2029 [2]. The Korea AeroSpace Administration said the company was named the lead contractor in June for the orbital cargo vehicle flight model development project [1]. After Nuri launches a satellite into space, the vehicle is supposed to carry it to its intended orbit [3]. Put simply, a company that used to launch rockets is now raising its hand to take on the role of the delivery driver, too. 📦 What we’d like to know here is the project’s scale and investment amount, but those figures aren’t available in the materials provided, so I’ll leave them blank.
Defense news is piling up, too 💥
According to an MBC Gyeongnam report, a South Korean-made ballistic missile with a range of 290km has been delivered to Poland for the first time [5]. Chunmoo and Hanwha Aerospace were listed among the related keywords. News of deliveries like this always gets me a little fired up. The same broadcaster also looked at what it takes to achieve independence in aircraft engines, alongside keywords such as KF-21, Boramae, and F414 [6]. Engines were already on the homework list last time, so this time it’s the question of what independence takes that really stands out.
Bull case and the variables still in play 🧅
I haven’t been watching the market for 30 years for nothing. Defense deliveries, expansion into space, and continued business news even on days when the stock is fluctuating all lend weight to the bull case. But the lunar cargo vehicle is still at the stage of lead-contractor selection and development, and the materials this time don’t include figures that link it directly to earnings. A trip all the way to the Moon—now that’s sweet news, but sweet talk alone won’t fill the books~ Heh.
So there’s one key question: when will export deliveries and space development translate into actual revenue and a concrete timeline? Onion sees a clear bull case, but the pace is still unconfirmed by the available information.
📰 Reference News (4)
Hanwha Aerospace developing an orbital cargo vehicle to send a communications satellite to the Moon in 2029
네이버뉴스 · 2026.10.22
📰 View originalHanwha Aerospace developing an orbital cargo vehicle to send a communications satellite to the Moon in 2029 - Chosun Biz - Chosunbiz
Chosunbiz · 2026.10.22
📰 View original
Beyond building Nuri, all the way to a ‘space cargo ship’ bound for the Moon... Hanwha Aerospace expands its space business
네이버뉴스 · 2026.10.23
📰 View original
Hanwha Aerospace 787,000 KRW…Focus on defense orders translating into results - Jobpost (JOBPOST)
네이버뉴스 · 2026.10.23
📰 View original📺 Reference Videos (2)
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