Nara Space Tech's KOSDAQ Preliminary Approval Signals H2 2025 IPO

Narra Space Technology, a leader in innovation in the global microsatellite market, has finally passed the preliminary review for KOSDAQ listing, officially embarking on its journey towards an IPO in the second half of 2025. The company aims to open new horizons in the space industry together with Samsung Securities. Since its establishment in 2015, Narra Space has established itself as a leading domestic player by providing one-stop solutions, from microsatellite platform design and operation to satellite image sales and AI-based data analysis services. It has expanded its business areas into diverse fields such as disaster monitoring, urban management, environmental change, defense and security surveillance, agricultural analysis, and financial monitoring, proving its unique technological prowess. The synergy between the strengths of microsatellites, which can dramatically reduce manufacturing costs and time compared to large satellites, and advanced AI analysis capabilities is driving the rapidly growing satellite image analysis market. Notably, in November 2023, the company successfully launched and communicated with 'Observer-1A', the first 25kg-class commercial microsatellite in Korea, demonstrating stable satellite operation capabilities and securing crucial 'Space Heritage' for global market entry. Furthermore, by continuously participating in challenging domestic and international projects such as NASA's Artemis II mission and the Korea Aerospace Research Institute's (KARI) space verification satellite development, the company has further solidified its technological reliability. The company is also excelling in the field of satellite image utilization. It has verified its practical capabilities in disaster and environmental monitoring through collaborations with KARI and the Ministry of Environment, and has built international references through partnerships with global insurance companies and satellite image sales contracts with overseas clients. Such technological prowess and growth potential are widely recognized both domestically and internationally. This year, it was selected as a 'Deep Tech Company' by the Ministry of SMEs and Startups, participated in the 'Youth Startup Imagination Concert' hosted by the President, and was the only Korean space company to be named among the World Economic Forum's (WEF) 'Top 100 Technology Pioneers' and IPEF's (Indo-Pacific Economic Framework) 'Top 100 Climate Tech Startups', solidifying its global standing. A Samsung Securities official stated, "Narra Space's technological prowess, proven through the successful launch and operation of Observer-1A, has led to an expansion of order backlog and the securing of overseas contracts, confirming its global growth potential," expressing expectations for positive evaluations from investors. CEO Park Jae-pil stated, "Passing the preliminary review is a result of accumulated experience and reliability," and revealed the company's ambition to further strengthen its stable revenue structure and global competitiveness by strategically investing funds secured through the IPO into establishing satellite constellations and mass production systems, and expanding into overseas markets.